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The Following Figure Shows the Marginal Cost Curve and the Average

Question 43

Multiple Choice

The following figure shows the marginal cost curve and the average total cost curve of a firm operating in a perfectly competitive market.
The following figure shows the marginal cost curve and the average total cost curve of a firm operating in a perfectly competitive market. -Refer to the figure above.Suppose the price in this market is $5.What is the total cost of the firm,when it produces the profit-maximizing level of output? A) $600 B) $1,200 C) $2,800 D) $2,400
-Refer to the figure above.Suppose the price in this market is $5.What is the total cost of the firm,when it produces the profit-maximizing level of output?


A) $600
B) $1,200
C) $2,800
D) $2,400

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