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-Refer to the Graph Above

Question 116

Multiple Choice

-Refer to the graph above.If the market price equals $16 and this firm is maximizing profit,which of the following is NOT true? A) The firm's total cost equals $50. B) The firm's total revenue equals $80. C) The firm's total profit equals $30. D) The firm's profit per unit equals $6. E) The firm's fixed cost equals $2.
-Refer to the graph above.If the market price equals $16 and this firm is maximizing profit,which of the following is NOT true?


A) The firm's total cost equals $50.
B) The firm's total revenue equals $80.
C) The firm's total profit equals $30.
D) The firm's profit per unit equals $6.
E) The firm's fixed cost equals $2.

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