Multiple Choice
Use the table below to answer the following questions.
Table 12.2.5
-Refer to Table 12.2.5. Archibald's Tattoos is a perfectly competitive firm. The firm's total costs are shown in the table. If the price of a tattoo is $12.50, Archibald's economic profit is
A) -$10.00 an hour.
B) zero.
C) $12.50 an hour.
D) $10.00 an hour.
E) maximized.
Correct Answer:

Verified
Correct Answer:
Verified
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