Figure 7-1 -Refer to Figure 7-1.If the Firm Is Producing 700 Units,what

Multiple Choice

Figure 7-1
-Refer to Figure 7-1.If the firm is producing 700 units,what is the amount of its profit or loss?

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.