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    Microeconomics Study Set 46
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    Exam 8: Supply in a Competitive Market
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    (Figure: Price and Quantity VI) Economic Profit for This Firm
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(Figure: Price and Quantity VI) Economic Profit for This Firm

Question 32

Question 32

Multiple Choice

(Figure: Price and Quantity VI) Economic profit for this firm can be calculated as: (Figure: Price and Quantity VI)  Economic profit for this firm can be calculated as:   A)  (160 - 130)  × 80. B)  (160 × 80)  - 30. C)  80 - 30. D)  (160 - 30)  × 80.


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

Correct Answer:

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