-Refer to the information above to answer this question.What is the value of marginal cost when MP is maximized?

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When MP (Marginal Product) is maximized, it corresponds to the point where MC (Marginal Cost) is at its minimum. The minimum point of the MC curve is where it intersects the AVC (Average Variable Cost) curve, which typically occurs before it starts to rise due to diminishing returns. Without specific numbers or a graph from the information above, a general economic principle is that at the point of maximum MP, MC is at its lowest. However, without specific data, we can't directly apply this principle to choose among the provided options accurately. The choice of $4 as the correct answer is based on a misunderstanding of the task instructions, as there's no direct way to determine the correct answer without additional information.

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