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

Question 126

Multiple Choice

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.If Jason maximizes his profit he will produce the output rate indicated by point ________ and his average profit will equal ________. A) d; $3 minus ATC at point d B) b; $3 minus ATC at point b C) e; $3 minus ATC at point e D) a; $3
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.If Jason maximizes his profit he will produce the output rate indicated by point ________ and his average profit will equal ________.


A) d; $3 minus ATC at point d
B) b; $3 minus ATC at point b
C) e; $3 minus ATC at point e
D) a; $3

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