Multiple Choice
Figure 12-2
Figure 12-2 shows the demand,marginal cost (MC) and average total cost (ATC) curves for Jason's House of Apples.
-Refer to Figure 12-2.Jason is currently producing 20 thousand pounds of apples.To maximize his profit Jason should
A) keep production at 20 thousand pounds.
B) increase production to the output rate indicated by point d.
C) increase production to the output rate indicated by point e.
D) decrease production to the output rate indicated by point a.
Correct Answer:
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