The following graph shows the demand and cost curves of an imperfectly competitive firm.MC and ATC represent the marginal cost curve and the average cost curve respectively. Figure 8.1 In Table 8.1, in order to maximize profits, the firm should increase output until the ____ unit of output.
A)fifth
B)sixth
C)seventh
D)eighth
E)ninth

Question

The following graph shows the demand and cost curves of an imperfectly competitive firm.MC and ATC represent the marginal cost curve and the average cost curve respectively. Figure 8.1  In Table 8.1, in order to maximize profits, the firm should increase output until the ____ unit of output.
A)fifth 
B)sixth 
C)seventh 
D)eighth 
E)ninth

Quizplus · Accepted Answer

The Answer of The following graph shows the demand and cost curves of an imperfectly competitive firm.MC and ATC represent the marginal cost curve and the average cost curve respectively. Figure 8.1  In Table 8.1, in order to maximize profits, the firm should increase output until the ____ unit of output.
A)fifth 
B)sixth 
C)seventh 
D)eighth 
E)ninth

The Following Graph Shows the Demand and Cost Curves of an Imperfectly