Figure 16-2 Price 90 A MC 85 80 ATC 75 70 65 6 60 55 50 45 D 40 35 30 25 20 15 10 MR O 17 34 51 68 85 102 119 136 153 170 187 204 221 238 255 Quantity

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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7. Refer to Figure 16-2. Which letter identifies the profit-maximizing level of output for this firm?

8. Refer to Figure 16-2. Which letter identifies the efficient level of output for this firm?

Figure 16-2
Price
90 A
MC
85
80
ATC
75
70
65 6
60
55
50
45
D
40
35
30
25
20
15
10
MR
O 17 34 51 68 85 102 119 136 153 170 187 204 221 238 255
Quantity
由中
Transcribed Image Text:Figure 16-2 Price 90 A MC 85 80 ATC 75 70 65 6 60 55 50 45 D 40 35 30 25 20 15 10 MR O 17 34 51 68 85 102 119 136 153 170 187 204 221 238 255 Quantity 由中
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