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The table below shows cost information for a perfectly competitive firm. quantity marginal cost 0 $2 1 $5 2 $9 3 $14 4 $20 5
The table below shows cost information for a perfectly competitive firm.
| quantity | marginal cost |
| 0 | $2 |
| 1 | $5 |
| 2 | $9 |
| 3 | $14 |
| 4 | $20 |
| 5 |
If the price of the product is $10, the firm will produce
A) 0 units
B) 1 unit
C) 2 units
D) 3 units
E) 4 units
F) 5 units
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Principles of Economics
Authors: Fred M. Gottheil
7th edition
978-1285064437
