2 In the above figure, at the profit-maximizing rate of production for the perfectly competitive firm, profit is A. $30. OB. $130. r $100 46

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Revenue and
Costs (dollars) 160
892888 98
140
120
100
80
60
40
20
0
2
In the above figure, at the profit-maximizing rate of production for the perfectly competitive firm, profit is
A. $30
OB. $130
OC. $100
00 $70
TC TR
6 8 10 12 14 16 18 20
Quantity
Transcribed Image Text:Revenue and Costs (dollars) 160 892888 98 140 120 100 80 60 40 20 0 2 In the above figure, at the profit-maximizing rate of production for the perfectly competitive firm, profit is A. $30 OB. $130 OC. $100 00 $70 TC TR 6 8 10 12 14 16 18 20 Quantity
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