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**** please explain with valid formulas and equations ( step wise process) Price (dollars MC per pound) 5 4 ATC Market 3 a d D

**** please explain with valid formulas and equations ( step wise process)

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Price (dollars MC per pound) 5 4 ATC Market 3 a d D = MR price b 2 1 0 10 20 30 40 Quantity (thousands of pounds) Figure 2 shows the demand, marginal cost (MC) and average total cost (ATC) curves for Jason's House of Apples. To maximize his profit, Jason should produce the rate of output indicated by point. (Refer to Figure 2) Select one: O a e Ob. d Oc. a Od. b

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