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Use the Following Figure to Answer the Question : Figure

Question 65

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Use the following figure to answer the question : Figure 9-1 : shows the total cost and total revenue for a firm when it prices its products at $8 and $10.
Use the following figure to answer the question : Figure 9-1 : shows the total cost and total revenue for a firm when it prices its products at $8 and $10.    -Refer to Figure 9-1.When the firm is producing the profit-maximizing level of output at a price of $10: A) total fixed costs are OA. B) economic profits equal BH. C) average cost equals DG divided by OG. D) total cost is minimized at B.
-Refer to Figure 9-1.When the firm is producing the profit-maximizing level of output at a price of $10:


A) total fixed costs are OA.
B) economic profits equal BH.
C) average cost equals DG divided by OG.
D) total cost is minimized at B.

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