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-In the Above Figure, If the Price Is P1 and

Question 328

Multiple Choice

-In the above figure, if the price is P<sub>1 </sub>and the firm produced Q<sub>3</sub>, the firm's economic profit is ________ than if it produced Q<sub>1</sub> and ________ than if it produced Q<sub>2</sub>. A) less; less B) less; more C) more; less D) more; more
-In the above figure, if the price is P1 and the firm produced Q3, the firm's economic profit is ________ than if it produced Q1 and ________ than if it produced Q2.


A) less; less
B) less; more
C) more; less
D) more; more

Correct Answer:

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