Use the figure to answer the following question(s) .
Figure 9-7 
-The average total cost (ATC) and marginal costs (MC) of a firm producing in a price-taker industry are depicted in Figure 9-7. If the current market price of the firm's product is $3, what output should this firm produce per week?
Definitions:
Merchandise Purchase
Transactions involving the buying of goods for resale in the normal course of business.
Cash Payments Journal
A financial journal that records all cash payments made by a business, including expenses, asset purchases, and debt payments.
Accounts Receivable Subsidiary Ledger
A detailed ledger that contains individual customer accounts, tracking the amounts owed by each customer to a business.
General Ledger
A comprehensive record of all financial transactions, organized by account, used to compile financial statements.
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