-Refer to the Graph Above

question 125

Multiple Choice

-Refer to the graph above.If this firm were allowed to choose the profit-maximizing level of output,it would charge a price of

• A) $11.50 per unit.
• B) $9 per unit.
• C) $8 per unit.
• D) $5.50 per unit.
• E) $2.50 per unit.

---

Definitions:

Affordable Consumption Options

Choices of goods and services that are within the financial reach of a consumer, considering their income and expenses.

Inferior Goods

Goods whose demand decreases when consumer income rises, opposite of normal goods.

Normal Goods

Goods for which demand increases as the income of consumers increases.

GDP

Gross Domestic Product refers to the sum total of all monetary values of final goods and services produced within the geographical confines of a country during a given time frame.