Refer to Table 11.2.5, which shows the total cost schedule of a perfectl...

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Table 11.2.5

Refer to Table 11.2.5, which shows the total cost schedule of a perfectly competitive firm called Archibald's Tattoos. If the price of a tattoo is $12.50, what is Archibald's economic profit?

zero

0%

$10.00 an hour

0%

-$10.00 an hour

100%✨

$12.50 an hour

0%

$15.00 an hour

0%

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