Table 9-3 Table 9-3 Shows the Demand and Cost Schedules

question 246

Multiple Choice

Table 9-3
Table 9-3 shows the demand and cost schedules for a monopolistically competitive firm.
-Refer to Table 9-3.What is its average variable cost of production at its optimal output level?

• A) $0 (because its optimal output = 0)
• B) $15
• C) $14.75
• D) $29

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