The above figure shows some a firm's cost curves and its marginal revenue curve.
-Based on the figure above,what is the price of a can?
A) $0
B) $3.00 per can
C) $5.15 per can
D) None of the above prices is correct.
E) More information is needed to determine the price of a can.

Question

The above figure shows some a firm's cost curves and its marginal revenue curve.
-Based on the figure above,what is the price of a can?
A) $0 
B) $3.00 per can 
C) $5.15 per can 
D) None of the above prices is correct. 
E) More information is needed to determine the price of a can.

Quizplus · Accepted Answer

The price of a can is $3.00 per can.

The Above Figure Shows Some a Firm's Cost Curves and Its