Use the figure to answer the following question(s).
Figure 9-7
-The average total cost (ATC) and marginal costs (MC) of a firm producing in a price-taker industry are depicted in Figure 9-7. If the current market price of the firm's product is $3, what output should this firm produce per week?
A) 5,000
B) 7,500
C) 10,000
D) 12,500

Question

Use the figure to answer the following question(s).
Figure 9-7 
-The average total cost (ATC) and marginal costs (MC) of a firm producing in a price-taker industry are depicted in Figure 9-7. If the current market price of the firm's product is $3, what output should this firm produce per week?
A) 5,000 
B) 7,500 
C) 10,000 
D) 12,500

Quizplus · Accepted Answer

The Answer of Use the figure to answer the following question(s).
Figure 9-7 
-The average total cost (ATC) and marginal costs (MC) of a firm producing in a price-taker industry are depicted in Figure 9-7. If the current market price of the firm's product is $3, what output should this firm produce per week?
A) 5,000 
B) 7,500 
C) 10,000 
D) 12,500

Use the Figure to Answer the Following Question(s)