The Following Table Illustrates Alternative Production Techniques for Producing 18

Multiple Choice

The following table illustrates alternative production techniques for producing 18 widgets that can be sold for $1 each for a total revenue of $18. Refer to the above table. At the $3 price for labor the most efficient technique will result in an:

A) Economic loss of $2
B) Economic profit of $l
C) Economic profit of $2
D) Economic profit of $3