Refer to the Figure Below

question 67

Multiple Choice

Refer to the figure below. If this firm is a price taker, then when the price of each unit if output is $15, what is this firm's profit-maximizing level of output?

• A)0
• B)45
• C)60
• D)80

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Definitions:

Federal Depository Bank

A financial institution where the government keeps its money and manages its financial transactions.

FDIC

The Federal Deposit Insurance Corporation, a U.S. government agency that insures deposits at banks and thrifts in the event of bank failures.

Tax Statement

A document that outlines the amount of tax owed to or refunded by the government for a particular financial year.

Form W-2

A tax form used in the United States that reports an employee's annual wages and the amount of taxes withheld from their paycheck.