Question 1
Refer to the information provided in Figure 9.3 below to answer the question(s) that follow.
Refer to Figure 9.3. This firm will earn a zero economic profit if price is
◦ $0.
◦ $4.
◦ $7.
◦ $13.
Question 2
Refer to the information provided in Figure 9.3 below to answer the question(s) that follow.
Refer to Figure 9.3. This firm's ________ point corresponds to point
B.
◦ break even
◦ shutdown
◦ profit maximizing
◦ profit minimizing