Figure 9-23

-In Figure 9-23,the minimum price at which this firm will supply output is

Name: Figure 9-23 -In Figure 9-23,the minimum price at which this firm will supply output is
Brand: Quizplus
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Question

Figure 9-23
 
-In Figure 9-23,the minimum price at which this firm will supply output is

Quizplus · Accepted Answer

The minimum price at which the firm will supply output is where the marginal cost curve intersects the supply curve. In this case, that happens at a price of $6. At any price below $6, the firm would not be making any profit and would have no incentive to produce. Therefore, the best choice is B).

Figure 9-23 -In Figure 9-23,the Minimum Price at Which This Firm Will