Table 14-14 The Following Table Presents Cost and Revenue Information for Bob's

Multiple Choice

Table 14-14
The following table presents cost and revenue information for Bob's bakery production and sales.
-Refer to Table 14-14. Suppose that due to a decrease in the market demand for bread the market price of bread drops to $2.75. At this new price, if Bob produces and sells the profit-maximizing quantity, how much profit will he earn?

A) $0.25
B) $1.25
C) $2.25
D) The firm will lose $6.25.