Use graph to answer questions.

Document1 - Word X File Home Insert Design Layout References Mailings Review View Tell me what you want to do.. Sign in & Share SMC Demand, marginal revenue, and costs ATC AVC N 20 40 60 80 100 120 140 160 Quantity A graph showing demand (D) and marginal revenue (M R), average total cost (ATC), average variable cost (AVC), and short-run marginal cost (MC), with quantity (Q) on the horizontal axis and demand, marginal revenue, and costs in dollars on the vertical axis. D and MR both have vertical intercepts of $8; M R has horizontal intercept at 80 units and D has horizontal intercept at 160 units. At Q = 45, ATC = MR at $3.50; at this Q, MC = $1.50, AVC = $2, D = $6 At Q = 60, MR. AVC, and MC all intersect at $2; at this Q, ATC = $3, D = $5 At Q = 75, ATC = MC at $3; at this Q, MR = $0.50, AVC = $2, D = $4At Q = 80, MC = D at $4; at this Q, MR = $0, AVC = $2, ATC = $3 At Q = 100, ATC = D at $3; at this Q, AVC = $2.50. At Q = 105, AVC = D at $2.50; at this Q, ATC = $3.25. The profit-maximizing level of output is Select one: a. 105 units O b. 75 units. c. 80 units. d. 60 units In the graph above, the firm will sell its output at a price of Select one O a. $6. O b. $5 C. $3 O d. $2. Clear my choice In the graph above, the firm will be Select one: a. earning positive profit. O b. earning a loss and should shut down. O c, earning a loss but should stay open. O d. breaking even. Page 1 of 1 0 words EO - + 110% 2:24 PM LO w 4/20/2021