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Consider a Firm with the Following Cost and Revenue Information

Question 128

Multiple Choice

Consider a firm with the following cost and revenue information: ATC = $20,AVC = $10, and P = MR = $30. If the firm follows the rule to maximize profits, its output level is 3. Therefore MC equals


A) $20
B) $10
C) $30
D) $90
E) $3

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