Refer to the table below. An output level of 15 units, this firm's accounting profit is ________, and its economic profit is ________.QuantityTotal RevenueExplicit CostsImplicit Costs1050365157563620100937251251258301501619
A. $12; $6.
B. $6; $63.
C. $63; $6
D. $6; $12
Answer: A
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The larger the share of a good in a consumer's budget, holding everything else constant, the
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The horizontal dotted line is
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B. a price floor.
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