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Use the Table Below to Answer the Following Questions

Question 71

Multiple Choice

Use the table below to answer the following questions.
Table 12.2.2
Use the table below to answer the following questions. Table 12.2.2    -Refer to Table 12.2.2, which gives the total cost schedule for Chip's Pizza Palace, a perfectly competitive firm. If Chip shuts down in the short run, his total cost is A) $0. B) $10 an hour. C) $12 an hour. D) $22 an hour. E) $40 an hour.
-Refer to Table 12.2.2, which gives the total cost schedule for Chip's Pizza Palace, a perfectly competitive firm. If Chip shuts down in the short run, his total cost is


A) $0.
B) $10 an hour.
C) $12 an hour.
D) $22 an hour.
E) $40 an hour.

Correct Answer:

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