The Following Table Illustrates Alternative Production Techniques for Producing 18

Multiple Choice

The following table illustrates alternative production techniques for producing 18 widgets that can be sold for $1 each for a total revenue of $18.
If the price of labor increases from $2 to $3, then the results of using Technique C will change from an
Economic

A) loss of $2 to a loss of $1.
B) profit of $2 to a profit of $1.
C) profit of $1 to a profit of $2.
D) loss of $1 to a loss of $2.