figure in queston
![100 200 150 225 275425 What are the names of the following curves? Curve A: (Select] Curve B: [Select] Curve C: Select ]](http://img.homeworklib.com/questions/c3b8c440-127a-11ec-81b4-118398be0a17.png?x-oss-process=image/resize,w_560)
Refer to the figure in Question 1. If this firm competes in a perfectly competitive market, then when the market price is $35, this firm's profit-maximizing level of output is:
Homework Answers
Answer
The curve cuts ATC and AVC at minimum is called MC curve so the
curve A is MC curve and ATC>AVC so ATC is curve B and AVC is
curve C
Curve A=MC
Curve B=ATC
curve C=AVC
===
the firm produces at MC=P
where
Q=200 units at MC=P=35
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figure in queston
Refer to the figure in Question 1. If this firm competes in a...
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