Use the Figure to Answer the Following Question(s)

question 59

Multiple Choice

Use the figure to answer the following question(s) .
Figure 9-4
-Figure 9-4 indicates the cost conditions for a firm operating in a price-taker market. If the market price of the firm's product is $6, what action will maximize the firm's profit?

• A) go out of business since it cannot make a profit
• B) produce an output of 3 million
• C) produce an output of 5 million
• D) produce an output of 6 million

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Definitions:

Closed Circulatory System

A type of circulatory system in which the blood flows through a continuous circuit of blood vessels; characteristic of annelids, cephalopods, and vertebrates. Compare with open circulatory system.

Mollusks

A diverse group of invertebrates that includes snails, slugs, oysters, and octopuses, characterized by a soft body, many with a hard shell.

Polyplacophora

A class of marine mollusks known as chitons, characterized by their eight-plated dorsal shells and grazing habits.

Intertidal Zone

The marine shoreline area between the high-tide mark and the low-tide mark.