The Following Figure Shows the Marginal Cost Curve,average Total Cost

question 22

Multiple Choice

The following figure shows the marginal cost curve,average total cost curve,average variable cost curve,and marginal revenue curve for a firm for different levels of output.
Figure 9-3
-Refer to Figure 9-3.At the profit-maximizing level of output:

• A)the firm is earning economic profit.
• B)profits per unit are the highest.
• C)profit equals ZC.
• D)costs exceed revenue.

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