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Refer to the Accompanying Graph

Question 53

Multiple Choice

Refer to the accompanying graph. If this firm is a price taker, then when the price of each unit of output is $30, this firm's total cost at its profit-maximizing level of output is ________. Refer to the accompanying graph. If this firm is a price taker, then when the price of each unit of output is $30, this firm's total cost at its profit-maximizing level of output is ________. A) $900 B) $1,200 C) $1,600 D) $2,700


A) $900
B) $1,200
C) $1,600
D) $2,700

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