Refer to Figure 12-6. Which of the following statements is true?
A) Jason should produce where MC equals $3 (point d) where he will minimize his losses.
B) Jason cannot earn a profit from selling any number of apples.
C) Jason should produce where MC equals $3 (point d) where he will maximize his profit.
D) Jason should produce where the distance between MC and his demand curve is greatest (point b).
C
Economics
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