Average and marginal cost (AC and MC) $220.00 Average cost (AC) -Marginal cost (MC) $200.00 $180 00 $160 00 $140 00 $120.00 $100.00 5:40.00 $60.00
Average and marginal cost (AC and MC) $220.00 Average cost (AC) -Marginal cost (MC) $200.00 $180 00 $160 00 $140 00 $120.00 $100.00 5:40.00 $60.00 $40.00 $20.00 $0.DO 2 910 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Output quantity (q) The graph shows the AC (blue line) and MC (red line) for a firm. If the price is $60, and the firm chooses to operate, what quantity does firm produce? (Click nearest answer.) O 10 O 15 O 20 O 26 O 42
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