12 Cost Functions & Isoprofit Curves: The following diagram depicts the marginal cost curve (MC), the average cost curve (AC), and the isoprofit curves of a firm. Based on the information provided in the diagram, select all correct answers. 70 60 E 50 marginal cost G isoprofit curve 2 B Price, P 40 isoprofit curve 1 average cost curve 30 D 100 300 500 700 006 Quantity, Q A: Average cost at point A and D are identical. B: The profit level associated with isoprofit curve 1 is 6,000. C: The profit level associated with isoprofit curve 2 is 9,000. D: The price at point C is 44. E: Sales revenue at point D is 24,500