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The perfectly competitive firm, whose total revenue ( TR ) and total cost ( TC ) curves are shown on the right, should produce A

The perfectly competitive firm, whose total revenue (TR) and total cost (TC) curves are
shown on the right, should produce
A.7 units, since that is where its costs will be minimized.
B. either 7 or 31 units, since MC = MR at both levels of production.
C.31 units, since that is where MC=MR and MC is increasing.
D.31 units, since that is where MC = MR and MC is decreasing.
E.7 units, since that is where MC=p.
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