Referring to the graph above, the profit-maximizing price is

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Dollars
per unit
$15
$14
$13
$12
$11
$10
$9
58
$7
$6
$5
$4
$3
$1
$15
O
$5
O $3
O $10
500
750
MC
Referring to the graph above, the profit-maximizing price is
AVC
1,000 1,250
-MR=D
ATC
Quantity
Transcribed Image Text:Dollars per unit $15 $14 $13 $12 $11 $10 $9 58 $7 $6 $5 $4 $3 $1 $15 O $5 O $3 O $10 500 750 MC Referring to the graph above, the profit-maximizing price is AVC 1,000 1,250 -MR=D ATC Quantity
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