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Refer to the Accompanying Figure

Question 30

Multiple Choice

Refer to the accompanying figure. If the market for doughnuts is perfectly competitive, and the price of a doughnut is 25 cents, then at this firm's profit maximizing level of output, the firm will earn an economic ________ of ________ per day. Refer to the accompanying figure. If the market for doughnuts is perfectly competitive, and the price of a doughnut is 25 cents, then at this firm's profit maximizing level of output, the firm will earn an economic ________ of ________ per day. A) profit; $80 B) profit; $8 C) loss; $10 D) loss; $80


A) profit; $80
B) profit; $8
C) loss; $10
D) loss; $80

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