Answer the question based on the following information: Suppose 20 units of product A can be produced by employing just labor and capital in the four ways shown below. Assume the prices of labor and capital are $2 and $3, respectively.

Production Techniques1234 Columns

Labor4325 Row 1

Capital2351 Row 2

If the price of product A is $1.50, and the firm is producing efficiently the firm will realize

Multiple Choice

• Economic profit of $17.
• Economic profit of $20.
• Economic profit of $30.
• Economic loss of $17.
• Economic profit of $43.

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