At an Output of 64,MC = $31,ATC = $31,and MR

question 15

Multiple Choice

At an output of 64,MC = $31,ATC = $31,and MR = $32.At that output the firm is

• A)maximizing its profits,but not operating at peak efficiency.
• B)maximizing its profits and operating at peak efficiency.
• C)operating at peak efficiency,but not maximizing its profits.
• D)neither operating at peak efficiency nor maximizing its profits.

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Definitions:

Class Math

A class in Java that provides methods for performing basic numeric operations such as exponential, logarithm, square root, and trigonometry.

Java.math

A Java package that contains classes for performing arithmetic operations and processing large numbers.

Reference Variables

Variables that hold the address of an object in memory, enabling indirect access to that object.

Parameters

Variables declared in a function or method definition, specifying the types of arguments that the function or method can accept.