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For a representative farm before the​ study, the economic loss is equal to

A. the price multiplied by the quantity produced.
B. the difference in price and​ long-run average cost multiplied by the quantity produced.
C. the​ long-run average cost multiplied by the quantity produced.
D. the difference in price and​ long-run average cost.

Respuesta :

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Answer:

B. the difference in price and​ long-run average cost multiplied by the quantity produced.

Note, The complete exercise was found due to a online research.

Explanation:

Take a look to the image attached. Will help you to understand the exercise.

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