The accompanying graph shows the cost curves for a competitive firm. If the market price falls to $0.55, the optimal output is
A)0.
B)15.
C)20.
D)more than 20, but less than 35.

Question

The accompanying graph shows the cost curves for a competitive firm. If the market price falls to $0.55, the optimal output is
A)0. 
B)15. 
C)20. 
D)more than 20, but less than 35.

Quizplus · Accepted Answer

The Answer of  The accompanying graph shows the cost curves for a competitive firm. If the market price falls to $0.55, the optimal output is
A)0. 
B)15. 
C)20. 
D)more than 20, but less than 35.

The Accompanying Graph Shows the Cost Curves for a Competitive