Fall 2017 Economics 222 Test 3(1) [Compatibility Mode] - Word Jeanna Sujanani ×
ID: 1126372 • Letter: F
Question
Fall 2017 Economics 222 Test 3(1) [Compatibility Mode] - Word Jeanna Sujanani × Insert Draw Design Layout References Mailings Review View Tell me what you want to do Share File Cut Copy Fonmat Painter 1 AaBbCCD' · c Replace Paste :-. 11. Normal TNo Spac Heading 1 Hending 2 Title Subtitle Subtle Erm Emphasis ; Clipboard Font Paragraph Styles Editing b. incurring losses. earnng zero economic protits. earning economic profit greater than zero. c. Figure 10-5 MC AC AVC -71. Figure 10-5 shows supply and demand conditions in a perfectly competitive industry and for a firm in that industry. At point C, the firm would a. b. c. d. eam zero economic profit. cam negative economic profit. have a zero opportunity cost of capital. have a negative opportunity cost of capital. Page 6 of 13 25 of 3221 words + 100% 8 14 PM O Type here to search ^ x 12/12/2017Explanation / Answer
a> earn zero economic profit
Reason
At this point, the firm will be indifferent between closing down the firm or to continue the firm with the current level of production.
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