Use the Figure Below to Answer the Following Questions

question 46

Multiple Choice

Use the figure below to answer the following questions.

Figure 1A.2.3
-Refer to Figure 1A.2.3. Suppose our theory predicted that for low levels of quantity produced (x) a firm's profits (y) were low, for medium levels of output their profits were high, and for high levels of output their profits were low again. Which one of the graphs would represent this relationship?

• A)(a)
• B)(b)
• C)(c)
• D)(d)
• E)none of the graphs

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