Item27 Time Remaining 34 minutes 2 seconds 00:34:02 Item 27 Time Remaining 34 minutes 2 seconds 00:34:02 A graph plots dollars versus Q. A horizontal line labeled M R and a curve labeled M C are graphed.The horizontal axis is labeled Q. Points X 1, X 2, and X 3 are marked on the horizontal axis from left to right. The vertical axis is labeled dollars. The graph shows a horizontal line labeled M R and a curve labeled M R. The curve labeled M C begins at the left-center, goes down and to the right with decreasing steepness, reaches the minimum, goes up and to the right with increasing steepness, and ends at the top right. The horizontal line starts at a point that is near the center of the vertical axis and goes straight and to the right. M C intersects M R when Q = X 1 and X 3. A vertical dashed line from X 2 passes through the minimum and intersects a point on M R. Given the accompanying diagram, which level of output should the entrepreneur choose to maximize profits? Multiple Choice either X1 or X3 since the profit level will be the same