The graph shows the extraction costs for TX Oil Company in the first year in a situation where it will extract oil from a reserve over two years. If the current market price rises from $60 to $70 and user costs are not considered, the extraction quantity
A) rises by 10 units to 20 units.
B) falls by 10 units to 20 units.
C) rises by 10 units to 40 units.
D) falls by 20 units to 10 units.
Correct Answer:
Verified
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