Assume the XYZ Corporation is producing 20 units of output. It is selling this output in a purely competitive market at $10 per unit. Its total fixed costs are $100 and its average variable cost is $4 at 20 units of output. This corporation a. shouldclose down in the short run.
b. is maximizing its profits.
c. is realizing a loss of $60.
d. is realizing an economic profit of $40.

d. is realizing an economic profit of $40.

Explanation:

Calculation to determine what This corporation is realizing as economic profit

Using this formula

Economic profit =Total fixed costs-(Average variable cost )

Let plug in the formula

Economic profit =$100-($3*20)

Economic profit =$100-$60

Economic profit =$40

Therefore This corporation is realizing an economic profit of $40

B: 8%

Step-by-step explanation:

It asks for percentage of total students, so we add the male and female student totals for a total of 150 students. We also add the numbers of those that are left handed for a total of 12. We divide 12 by 150 (12/150) to get the decimal, 0.08, which is 8%.