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The graph to the right represents the situation of Marguerite's Caps, a firm selling caps in the perfectly competitive cap industry. This Question: 1 pt

The graph to the right represents the situation of Marguerite's Caps, a firm selling caps in the perfectly competitive cap industry.

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This Question: 1 pt 1 23 of 40 (32 complete) This Quiz: 40 pts possible The graph to the right represents the situation of Marguerite's Caps. a firm selling caps in the perfectly competitive cap industry. 15.00- In order to maximize her profits. Marguerite should produce | | caps. (Enter your response as a whole number.) 14.00- MC 13.00- At the profit-maximizing level of output, she will earn a profit of $| |- (Enter your response as a whole number.) ce and cost (dollars per cap) 12.00- ATC 11.00- MR Suppose Marguerite decides to shut down. Her loss would be $ ]. (Enter your response as a whole number.) 6 10.00- 8.00 AVC 7.00- 5.00- 4.00- 3.00 2.00- 1.00- 0.00- 20 40 60 BO Quanity (caps per day) 100 120 140

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