Title Practice - Unit3 MCQ AK.pdf ✅

The following questions refer to the graph below showing cost curves for a perfectly competitive firm. 1. If the market price is $10, how many widgets should this profit-maximizing firm produce? (A) 3,000 (B) 6,000 (C) 12,000 (D) 16,000 (E) 21,000 2. At market price $6, the profit-maximizing rate of output will result in (A) economic profits (B) economic losses (C) normal profits (D) profits that are less than normal (E) profits that are greater than normal AP MICROECONOMICS Scoring Guide All about Unit 3 MCQ SV AP Microeconomics Page 1 of 71