QUESTION 3 Consider the following graph: Price and cost (per necklace) 260.00 240.00 220.00- 200.00 180.00 160.00 140.00 120.00- 100.00 80.00 60.00- 40.00 20.00 0.00- 0 -~ MC What is the profit maximizing quantity? D ATC 8 10 12 14 16 18 20 22 24 26 Quantity (diamond necklaces) K MR

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