Use the figure to answer the following question(s) .
Figure 9-6 
-The average total cost (ATC) and marginal costs (MC) of a firm producing in a price-taker industry are depicted in Figure 9-6. If the current market price of the firm's product is $15, what output should this firm produce?
Definitions:
Nominal Rate of Interest
The rate of interest before adjustments for inflation, reflecting the face-value rate of interest paid on a loan or received from an investment.
Inflation Rate
The percentage increase in the price level of goods and services in an economy over a period of time.
Purchasing Power
The worth of a currency depicted by the quantity of goods or services that can be purchased with one unit of the currency.
Expected Variance
Expected Variance is a statistical measure that captures the anticipated variability or dispersion of returns on an investment.
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