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The Figure Above Shows Some of a Firm's Cost Curves

Question 13

Multiple Choice

The figure above shows some of a firm's cost curves and its marginal revenue curve. -The firm in the figure above is ________ that is equal to ________. A) making an economic profit; $8.00 × 10 B) making an economic profit; $5.10 × 10 C) incurring an economic loss; $5.10 × 10 D) incurring an economic loss; ($8.00 - $5.10) × 10 E) making an economic profit; ($8.00 - $5.10) × 10
The figure above shows some of a firm's cost curves and its marginal revenue curve.
-The firm in the figure above is ________ that is equal to ________.


A) making an economic profit; $8.00 × 10
B) making an economic profit; $5.10 × 10
C) incurring an economic loss; $5.10 × 10
D) incurring an economic loss; ($8.00 - $5.10) × 10
E) making an economic profit; ($8.00 - $5.10) × 10

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