The following figure shows the marginal cost curve and the average total cost curve of a firm operating in a perfectly competitive industry.

-Refer to the figure above.At what level of output does the firm maximize profits?
A) 0 units
B) 10 units
C) 20 units
D) 30 units

Question

The following figure shows the marginal cost curve and the average total cost curve of a firm operating in a perfectly competitive industry.
 
-Refer to the figure above.At what level of output does the firm maximize profits?
A) 0 units 
B) 10 units 
C) 20 units 
D) 30 units

Quizplus · Accepted Answer

The Answer of The following figure shows the marginal cost curve and the average total cost curve of a firm operating in a perfectly competitive industry.
 
-Refer to the figure above.At what level of output does the firm maximize profits?
A) 0 units 
B) 10 units 
C) 20 units 
D) 30 units

The Following Figure Shows the Marginal Cost Curve and the Average