Use the figure above to answer this question. Mary is the only veterinarian in a

Question

Use the figure above to answer this question. Mary is the only veterinarian in a small town. To maximize her profit, Mary will choose to treat ________ animals per hour and charge ________ per customer in order to ________.

4; $50; maximize profit

6; $20; minimize cost in order to attract more customers

6; $20; maximize profit

4; $50; operate on the inelastic portion of her demand curve

6; $30; minimize average total cost

4; $50; maximize profit

6; $20; minimize cost in order to attract more customers

6; $20; maximize profit

4; $50; operate on the inelastic portion of her demand curve

6; $30; minimize average total cost

Explanation / Answer

Answer.) A.) 4; $50; maximize profit.

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