-Use the above figure. Maximized economic profits are represented by rectangle
A) "A."
B) "B."
C) "C."
D) "A" + "B."

Name: -Use the above figure. Maximized economic profits are represented by rectangle A) "A." B) "B." C) "C." D) "A" + "B."
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Question

-Use the above figure. Maximized economic profits are represented by rectangle
A) "A." 
B) "B." 
C) "C." 
D) "A" + "B."

Quizplus · Accepted Answer

Maximized economic profits are represented by the area above the average total cost curve and below the demand curve. This area is represented by rectangle "A."

-Use the Above Figure