The Following Graph Shows the Demand and Cost Curves of an Imperfectly

question 100

Multiple Choice

The following graph shows the demand and cost curves of an imperfectly competitive firm.MC and ATC represent the marginal cost curve and the average cost curve respectively. Figure 8.1
- In Table 8.1,in order to maximize profits,the firm should increase output until the ____ unit of output.

• A)fifth
• B)sixth
• C)seventh
• D)eighth
• E)ninth

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Definitions:

Progression Of Publics

The evolving stages through which individuals or groups move from being unaware of an issue to becoming active participants or stakeholders in addressing it.

Latent

Hidden or dormant, but with the potential to become active or manifest at a later time.

Active

Engaged in action; characterized by energetic work or participation.

Aware

Having knowledge or perception of a situation or fact; often used in contexts to describe consciousness about social, environmental, or health issues.