-Use the figure above to answer this question.Mary is the only veterinarian in a small town.To maximize her profit,Mary will choose to treat ________ animals per hour and charge ________ per customer in order to ________.
A) 4; $50; maximize profit
B) 6; $20; maximize profit
C) 6; $30; minimize average total cost
D) 4; $50; operate on the inelastic portion of her demand curve
E) 6; $20; minimize cost in order to attract more customers

Question

-Use the figure above to answer this question.Mary is the only veterinarian in a small town.To maximize her profit,Mary will choose to treat ________ animals per hour and charge ________ per customer in order to ________.
A) 4; $50; maximize profit 
B) 6; $20; maximize profit 
C) 6; $30; minimize average total cost 
D) 4; $50; operate on the inelastic portion of her demand curve 
E) 6; $20; minimize cost in order to attract more customers

Quizplus · Accepted Answer

Mary will choose to treat 4 animals per hour and charge $50 per customer to maximize her profit, as this combination likely represents the point where marginal cost equals marginal revenue, maximizing profit.

-Use the Figure Above to Answer This Question