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Average and marginal cost (AC and MC) $320. 00 Average cost (AC) -Marginal cost (MC) $200 00 $ 180 00 $160 00 $140 00 $120.0D

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Average and marginal cost (AC and MC) $320. 00 Average cost (AC) -Marginal cost (MC) $200 00 $ 180 00 $160 00 $140 00 $120.0D $100 00 $60.00 $40.00 $20.00 50.DO 1 2 3 4 5 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 90 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, firm profits are: O Negative O Zero O Positive

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