Multiple Choice
Answer the question using the following data,which show all available techniques for producing 20 units of a particular commodity:
Refer to the data.Assuming that the firm is motivated by self-interest and that the 20 units that can be produced with each technique can be sold for $2 per unit,the firm will:
A) realize an economic profit of $10.
B) realize an economic profit of $4.
C) not earn any economic profit.
D) shut down rather than incur a loss by producing.
Correct Answer:

Verified
Correct Answer:
Verified
Q71: Private property<br>A) discourages cooperation because people don't
Q86: The dollar votes of consumers ultimately determine
Q93: Costs can be defined as total payments
Q98: Which of the following best illustrates the
Q101: (Consider This)In 2000,McDonald's introduced its McSalad Shaker,which
Q145: The invisible hand promotes society's interests because<br>A)
Q147: The invisible hand concept suggests that<br>A)market failures
Q185: If competitive industry Z is making substantial
Q186: Economic profits and losses<br>A)are both considered by
Q218: Specialization in production is economically beneficial primarily