Use the figure to answer the following question(s).
Figure 9-8
-The average total cost (ATC) and marginal costs (MC) of a firm producing in a price-taker industry are depicted in Figure 9-8. If the current market price of the firm's product is $3, what output should this firm produce per day?
A) 10
B) 15
C) 20
D) 25

Question

Use the figure to answer the following question(s).
Figure 9-8 
-The average total cost (ATC) and marginal costs (MC) of a firm producing in a price-taker industry are depicted in Figure 9-8. If the current market price of the firm's product is $3, what output should this firm produce per day?
A) 10 
B) 15 
C) 20 
D) 25

Quizplus · Accepted Answer

The Answer of Use the figure to answer the following question(s).
Figure 9-8 
-The average total cost (ATC) and marginal costs (MC) of a firm producing in a price-taker industry are depicted in Figure 9-8. If the current market price of the firm's product is $3, what output should this firm produce per day?
A) 10 
B) 15 
C) 20 
D) 25

Use the Figure to Answer the Following Question(s)