i need answer urgent ageThe figure depicts the demand curve of a firm producing cars,together with its marginal cost, average cost, and isoprofit curves. AtC, the firm sells 32 cars at $5,440. The profit associated with isoprofitA is $63,360. Based on this information, which of the followingstatements is correct?8,000Price, Marginal cost (5)00Quantity of cars, QMCIsoprofit AIsoprofit BAC100Select one:Oa. The total revenue from selling 32 cars is $63,360.Ob. The firm can sell its 33rd car at $5,440.Oc. The average cost of producing 32 cars is lower than $5,440.d. The firm's average cost and marginal cost are equal at theprofit maximising point.Next pageSH.

The marginal benefit is the maximum amount that is willing to pay for an additional unit of goods…

The figure depicts the demand curve of a firm producing cars, together with its marginal cost, average cost, and isoprofit curves. At C, the firm sells 32 cars at $5,440. The profit associated with isoprofit A is $63,360. Based on this information, which of the following statements is correct? 8,000 Price, Marginal cost (5) 0 0 Select one: O O Quantity of cars, Q MC Isoprofit A Isoprofit B AC 100 a. The total revenue from selling 32 cars is $63,360. b. The firm can sell its 33rd car at $5,440. c. The average cost of producing 32 cars is lower than $5,440. O d. The firm's average cost and marginal cost are equal at the profit maximising point.

The figure depicts the demand curve of a firm producing cars, together with its marginal cost, average cost, and isoprofit curves. At C, the firm sells 32 cars at $5,440. The profit associated with isoprofit A is $63,360. Based on this information, which of the following statements is correct? 8,000 Price, Marginal cost (5) 0 0 Select one: O O Quantity of cars, Q MC Isoprofit A Isoprofit B AC 100 a. The total revenue from selling 32 cars is $63,360. b. The firm can sell its 33rd car at $5,440. c. The average cost of producing 32 cars is lower than $5,440. O d. The firm's average cost and marginal cost are equal at the profit maximising point.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter8: Perfect Competition

Section: Chapter Questions

Problem 41P: A computer company produces affordable, easy-to-use home computer systems and has fixed costs of...

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