Use the Following Figure to Answer the Question : Figure

question 40

Multiple Choice

Use the following figure to answer the question : Figure 9-3 : 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.
-Refer to Figure 9-3.Assuming that price at 0R is $10,the profit maximizing level of output for the firm is _____.

• A)OA where marginal cost just covers AVC
• B)OB where average profit per unit is the greatest
• C)OC where marginal cost equals the $10 price
• D)OK where average cost equals marginal revenue and the firm earns a normal rate of return

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Definitions:

Biodegradable Polymer

A type of polymer that can be broken down by biological processes, including microbial action, into natural substances like water and carbon dioxide.

L-Lactic Acid

The left-handed (levo) isomer of lactic acid, often involved in biological processes such as fermentation and muscle metabolism.

Polymers

Large molecules composed of repeated subunits (monomers), which can exhibit a wide range of physical and chemical properties depending on their composition and structure.

Polymer

A large molecule comprised of many repeated subunits, known as monomers, bonded together.