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-Refer to the Graph Above

Question 114

Multiple Choice

-Refer to the graph above.Which of the following statements is true? A) The firm maximizes profit at 3.5 units of output. B) The firm maximizes profit at 3 units of output. C) The firm maximizes profit at 1.5 units of output. D) The law of diminishing returns occurs between 2.5 to 3.5 units of output. E) The law of diminishing returns begins to occur after 1.5 units of output.
-Refer to the graph above.Which of the following statements is true?


A) The firm maximizes profit at 3.5 units of output.
B) The firm maximizes profit at 3 units of output.
C) The firm maximizes profit at 1.5 units of output.
D) The law of diminishing returns occurs between 2.5 to 3.5 units of output.
E) The law of diminishing returns begins to occur after 1.5 units of output.

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