Refer to the Data Provided in Table 9 -Refer to Table 9

question 41

Multiple Choice

Refer to the data provided in Table 9.1 below to answer the question(s) that follow.
Table 9.1 $$\begin{array} { l l l l l l l } \text { q } & \text { TFC } & \text { TVC } & \text { TC } & \text { MC } & \text { AVC } & \text { ATC } \\\hline 0 & \$ 50 & \$ 0 & \$ 50 & - - & - - & - - \\1 & 50 & 20 & 70 & 20 & 20 & 70 \\2 & 50 & 30 & 80 & 10 & 15 & 40 \\3 & 50 & 45 & 95 & 15 & 15 & 31.67 \\4 & 50 & 62 & 112 & 17 & 15.50 & 28 \\5 & 50 & 90 & 140 & 28 & 18 & 28 \\6 & 50 & 132 & 182 & 42 & 22 & 30.33 \\7 & 50 & 186 & 236 & 54 & 26.57 & 33.71 \\\hline\end{array}$$
-Refer to Table 9.1. If the market price is $42, then for this firm to maximize profits it should produce ________ units of output and its profits will be ________.

• A) five; $70
• B) six; $70
• C) six; $120
• D) seven; $58

---

Definitions:

U.S. Law

The legal rules and regulations that govern behavior and activities within the United States.

Patents

Legal documents granting exclusive rights to inventors for their inventions, preventing others from making, using, or selling the invention for a certain period.

Public Disclosure

The act of making information available to the public, especially information that was previously confidential or only known within a private or restricted sphere.

Patent Violation

Occurs when one party engages in the unauthorized use, production, or sale of another party's patented invention.