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42. (Pigure: Interpreting MC and Price Curves) The marginal cost of producing the fifty-seventh unit is: 75 MC 60 PRICE 50 21 31 40 10 20 30 40 50 60 A) $50 B) $73 C) $95 D) $150 43, (Figure: Determining Long.Run Adjustments) The figure depicts the cost curves for a firm in a perfectly competitive industry in the long run. If the market price is $36, how many units of output should this firm produce? ATC MC AVC AFC 9 12 14 A) 0 units B) 9 units C) 12 units D) 14 unitsPLEASE HELP!

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Answer #1

42) option B is correct (MC (57th unit) = $ 73)

43) A firm would produce where P = MC = min AVC = $ 36

Q = 9 units

option B is correct

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