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The Figure Given Below Shows the Cost Curves of a Firm.Figure

Question 93

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The figure given below shows the cost curves of a firm.Figure 9.3
The figure given below shows the cost curves of a firm.Figure 9.3    ATC: Average Total Cost AVC: Average Variable Cost MC: Marginal Cost -Refer to Figure 9.3. If the firm maximizes its profit at 120 units of the output, calculate the firm's marginal revenue. A) $35 B) $40 C) $55 D) $4,200 E) Cannot be determined from the information given. ATC: Average Total Cost
AVC: Average Variable Cost
MC: Marginal Cost
-Refer to Figure 9.3. If the firm maximizes its profit at 120 units of the output, calculate the firm's marginal revenue.


A) $35
B) $40
C) $55
D) $4,200
E) Cannot be determined from the information given.

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