The Figure Given Below Shows the Cost Curves of a Firm

question 71

Multiple Choice

The figure given below shows the cost curves of a firm. Figure 8.3
ATC: Average Total Cost
AVC: Average Variable Cost
MC: Marginal Cost
-Refer to Figure 8.3.If the firm maximizes profits at 120 units of the output,calculate the firm's marginal revenue.

• A)$35
• B)$40
• C)$55
• D)$4,200
• E)Cannot be determined from the information given.

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Definitions:

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