Exhibit 7-10 Price and cost data for a firm
Q
P
AVC
ATC
MC
0
$12
?
?
?
1
  12
3
  5
  5
2
  12
5
  6
  7
3
  12
   7.3
  8
12
4
  12
   9.5
10
16
In Exhibit 7-10, the maximum possible total profit is:

A. $36.
B. $24.
C. $12.
D. $8.


Answer: C

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