Use the Following Figure to Answer the Question : Figure

question 6

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.
-At the profit-maximizing level of output in Figure 9-3,the profit of the firm is equal to the area given by _____.

• A)RLMG
• B)RGZW
• C)RGCO
• D)RGHS

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Definitions:

Behavior

Observable actions of human beings and non-human animals, including their interactions with the environment and other organisms.

Negative Reinforcement

A form of operant conditioning where a response is strengthened by stopping, removing, or avoiding a negative outcome or aversive stimulus.

Internal Revenue Service

The Internal Revenue Service (IRS) is a U.S. government agency responsible for the collection of taxes and enforcement of tax laws.

Penalty

A punishment imposed for violating a rule, law, or agreement.