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-Given the Total Cost and Total Revenue Curves in the Figure

Question 117

Multiple Choice

-Given the total cost and total revenue curves in the figure above, what is the profit-maximizing output level? A) 30,000 bushels B) 60,000 bushels C) 80,000 bushels D) All output levels occur between 30,000 and 80,000 bushels are profit-maximizing output levels.
-Given the total cost and total revenue curves in the figure above, what is the profit-maximizing output level?


A) 30,000 bushels
B) 60,000 bushels
C) 80,000 bushels
D) All output levels occur between 30,000 and 80,000 bushels are profit-maximizing output levels.

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