Question: Question 19 (1 point) 30 25 $/unit MC MR 0 5 10 15 20 25 30 35 40 45 Quantity Martha is the only producer

Question 19 (1 point) 30 25 $/unit MC MR 0 5 10 15 20 25 30 35 40 45 Quantity Martha is the only producer of apple pies in Guelph. Above you are given a demand curve for apple pies in Guelph, and Martha's marginal cost and marginal revenue curves. Assuming that Martha is maximizing profits, what price should she charge? $10 $20 $30 $15

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2. Find out if there are other reference points that can be used as reasonable alternatives.

1. Identify your reference point when making a decision based on an element of risk.

3. If there are reasonable alternatives, think about your decisions based on the different reference points and see if there are any contradictions in the decisions.