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10 Feb 2018
39) Refer to Table 4, which gives the total revenue schedule and total cost schedule of a perfectly competitive firm. If the firm produces 2 units of output, it A) makes an economic profit of $9. B) incurs an economic loss of $69. C) makes an economic profit of $60. D) incurs an economic loss of $9. E) incurs an economic loss of $60.
39) Refer to Table 4, which gives the total revenue schedule and total cost schedule of a perfectly competitive firm. If the firm produces 2 units of output, it A) makes an economic profit of $9. B) incurs an economic loss of $69. C) makes an economic profit of $60. D) incurs an economic loss of $9. E) incurs an economic loss of $60.
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