Marginal Cost 11.50 11 Price 10.50 Average Total Cost 10 9.50 10 20 50 60 Quantity 30 40 Based on the graph above, this perfectly competitive firm's profit maximizing quantity is

Microeconomics
13th Edition
ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter9: Perfect Competition
Section: Chapter Questions
Problem 8WNG
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A.40

B.45

C.60

D.20

Marginal Cost
11.50
11
Price
10.50
Average
Total Cost
10
9.50
10
20
50
60
Quantity
30
40
Based on the graph above, this perfectly competitive firm's profit maximizing
quantity is
Transcribed Image Text:Marginal Cost 11.50 11 Price 10.50 Average Total Cost 10 9.50 10 20 50 60 Quantity 30 40 Based on the graph above, this perfectly competitive firm's profit maximizing quantity is
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