NEXI quest Use the figure to the right to answer this question. Mary is the only veterinarian in a small town. To maximize her profit, Mary will choose to treat er appaintment) animals per hour and charge per customer in order to 70 MC OA. 6; $20; maximize profit B. 6; $30; minimize average total cost OC. 4; $50; maximize profit O D. 4; $50; operate on the inelastic portion of her demand curve OE. 6: $20; minimize cost in order to attract more customers 60 50 40 ATC 30 20 10 MR

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Comparative Advantage and Absolute Advantage Analysis

The theory of absolute advantage was given by Adam Smith in the year 1776.