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Figure 12-6 Figure 12-6 Shows the Demand, Marginal Cost (MC)and Average Total

Question 131

Multiple Choice
Figure 12-6 Figure 12-6 shows the demand, marginal cost (MC)and average total cost (ATC)curves for Jason's House of Apples. -Refer to Figure 12-6.Which of the following statements is true?

Figure 12-6
Figure 12-6 Figure 12-6 shows the demand, marginal cost (MC) and average total cost (ATC) curves for Jason's House of Apples. -Refer to Figure 12-6.Which of the following statements is true? A) Jason should produce where MC equals $3 (point d) where he will minimize his losses. B) Jason should produce where the distance between MC and his demand curve is greatest (point b) . C) Jason cannot earn a profit from selling any number of apples. D) Jason should produce where MC equals $3 (point d) where he will maximize his profit.
Figure 12-6 shows the demand, marginal cost (MC) and average total cost (ATC) curves for Jason's House of Apples.
-Refer to Figure 12-6.Which of the following statements is true?


A) Jason should produce where MC equals $3 (point d) where he will minimize his losses.
B) Jason should produce where the distance between MC and his demand curve is greatest (point b) .
C) Jason cannot earn a profit from selling any number of apples.
D) Jason should produce where MC equals $3 (point d) where he will maximize his profit.

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