Figure Below Presents Firm S Average Total Cost Curve Atc Firm S Average Variable Cost Curve Avc Firm S Marginal C 1 (24.15 KiB) Viewed 10 times
I want to know a more logical reason for the answer. What is the
answer?
Figure below presents firm's average total cost curve (ATC), firm's average variable cost curve (AVC), firm's marginal cost curve (MC). [Figure 1] Price, P MC ATC 10 P1 8 10 Quantity. Q 1. Refer to Fig 1. Given the graph what would be the value of PI? a. 9.80 b. 9.00 c.9.20 d. 8.50 AVC
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