The Table Given Below Shows the Price Charged by a Firm

Multiple Choice

The table given below shows the price charged by a firm and the marginal cost incurred by it for different levels of the output.Table 11.2

-Assume that the firm described in Table 11.2 is incurring a total cost of $25, at the profit-maximizing output level. The firm will:

A) lose $10 in the short run.
B) break even.
C) earn a profit of $50.
D) earn a profit of $30.
E) earn a profit of $55.