MC 10 AC AVC 8.5- 4 351 5060 40 55 510 Q The above figure shows the cost curves for a typical firm in a competitive market. If p = 10, then O A. the firm will maximize its profit by producing 60 units. B. producing 5 or 60 units will yield equal profits. C. the firm will maximize its profit by producing 5 units. D. Not enough information. P. O O O O
MC 10 AC AVC 8.5- 4 351 5060 40 55 510 Q The above figure shows the cost curves for a typical firm in a competitive market. If p = 10, then O A. the firm will maximize its profit by producing 60 units. B. producing 5 or 60 units will yield equal profits. C. the firm will maximize its profit by producing 5 units. D. Not enough information. P. O O O O
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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10
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The above figure shows the cost curves for a typical firm in a competitive market. If p = 10, then
O A. the firm will maximize its profit by producing 60 units.
O B. producing 5 or 60 units will yield equal profits.
the firm will maximize its profit by producing 5 units.
O D. Not enough information.
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Transcribed Image Text:MC
10
AC
AVC
8.5-it
81-ia....
351 50160
40 55
510
Q
The above figure shows the cost curves for a typical firm in a competitive market. If p = 10, then
O A. the firm will maximize its profit by producing 60 units.
O B. producing 5 or 60 units will yield equal profits.
the firm will maximize its profit by producing 5 units.
O D. Not enough information.
étv
20
...
MacBook Air
DII
80
F4
F5
F6
F7
F8
F1
F2
F3
@
#
$
%
&
2
3
4
5
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8
9
W
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S
D
F
G
H
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B
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