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The Figure Below Shows the Price, Marginal Cost, and Average

Question 63

Multiple Choice

The figure below shows the price, marginal cost, and average cost curves of a perfectly competitive firm.
FIGURE 8-5
The figure below shows the price, marginal cost, and average cost curves of a perfectly competitive firm. FIGURE 8-5 -Refer to Figure 8-5. How many units of output per day should the firm produce if it wants to maximize its profits (i.e., minimize its losses) ? A) 0 B) 30 C) 70 D) 100
-Refer to Figure 8-5. How many units of output per day should the firm produce if it wants to maximize its profits (i.e., minimize its losses) ?


A) 0
B) 30
C) 70
D) 100

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