At an Output of 22,ATC Is $7 and Price Is

question 352

Multiple Choice

At an output of 22,ATC is $7 and price is $7.At an output of 23,ATC is $7 and price is $7.MC = MR at an output of 22.5.At that output the firm will

• A)take a loss.
• B)break-even.
• C)make a profit.

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