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Use the Figure to Answer the Following Question(s)

Question 173

Multiple Choice

Use the figure to answer the following question(s) .
Figure 9-5 Use the figure to answer the following question(s) . Figure 9-5   -If the market price in Figure 9-5 increases to $4, what output should the firm produce, and what would be the firm's maximum profit? A)  output, 3; maximum profit, $3 loss B)  output, 5; maximum profit, zero C)  output, 5; maximum profit, slightly less than $5 D)  output, 6; maximum profit, slightly less than $6
-If the market price in Figure 9-5 increases to $4, what output should the firm produce, and what would be the firm's maximum profit?


A) output, 3; maximum profit, $3 loss
B) output, 5; maximum profit, zero
C) output, 5; maximum profit, slightly less than $5
D) output, 6; maximum profit, slightly less than $6

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