Multiple Choice
Answer the question based on the following information: Suppose 30 units of product A can be produced by employing just labor and capital in the four ways shown below. Assume the prices of labor and capital are $2 and $3, respectively. 
If the price of product A is $0.50, the firm will realize
A) an economic profit of $4.
B) an economic profit of $2.
C) an economic profit of $6.
D) a loss of $3.
Correct Answer:
Verified
Correct Answer:
Verified
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