1. Use the diagrambelow to answer questions 33 to 37:

1. Q33:To maximize profit, the firm will produce at output level
2. A.Q1
3. B.Q2
4. C.Q3
5. D.Q4

1 points

QUESTION 34

1. The firm's profit-maximizing price is
3. A.P1
4. B.P2
5. C.P3
6. D.P4

1 points

QUESTION 35

1. If the firm's average total cost curve isATC1, the firm will
2. A.suffer a loss
3. B.break even
4. C.make a profit
5. D.face competition

1 points

QUESTION 36

1. If the firm's average total cost curve isATC2, the firm will
3. A.suffer a loss
4. B.break even
5. C.make a profit
6. D.face competition

1 points

QUESTION 37

1. If the firm's average total cost curve isATC3, the firm will
2. A.suffer a loss
3. B.break even
4. C.make a profit
5. D.face competition

Price and cost per unit PA MC ATCa Pa ATC ATC, P1 Demand O Q2 Quantity MR