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    Microeconomics Study Set 32
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    Exam 8: Supply in a Competitive Market
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    Use the Following to Answer Question
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Use the Following to Answer Question

Question 65

Question 65

Multiple Choice

Use the following to answer question:
Figure 8.10 Use the following to answer question: Figure 8.10   -(Figure 8.10)  Economic profit for this firm can be calculated as: A)  (160 - 130)  × 80. B)  (160 × 80)  - 30. C)  80 - 30. D)  (160 - 30)  × 80.
-(Figure 8.10) Economic profit for this firm can be calculated as:


A) (160 - 130) × 80.
B) (160 × 80) - 30.
C) 80 - 30.
D) (160 - 30) × 80.

Correct Answer:

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