Figure 8.1 -Refer to Figure 8.1.If the Firm Is Producing 700 Units

Multiple Choice

Figure 8.1
-Refer to Figure 8.1.If the firm is producing 700 units, the amount of its profit or loss is

A) loss of $280
B) loss equivalent to the area A
C) profit equivalent to the area A
D) There is insufficient information to answer the question.