Narrbegin Exhibit 7.2 Cost per unit curves
-In Exhibit 7.2, if the price of the firm's product is $2.00 per unit, the firm will produce:

Question

Narrbegin Exhibit 7.2 Cost per unit curves  
-In Exhibit 7.2, if the price of the firm's product is $2.00 per unit, the firm will produce:

Quizplus · Accepted Answer

Based on the graph, the point where the price of the product intersects the average total cost curve is at 15 units per day. This means that at a price of $2.00 per unit, the firm will produce 15 units per day in order to minimize their costs and maximize their profits.