Refer to the accompanying graph. If this firm is a price taker, then when the price of each unit of output is $30, this firm's profit-maximizing level of output is ________.
A)30
B)60
C)80
D)100

Name: Refer to the accompanying graph. If this firm is a price taker, then when the price of each unit of output is $30, this firm's profit-maximizing level of output is ________. A)30 B)60 C)80 D)100
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Question

Refer to the accompanying graph. If this firm is a price taker, then when the price of each unit of output is $30, this firm's profit-maximizing level of output is ________. 
A)30 
B)60 
C)80 
D)100

Quizplus · Accepted Answer

At P = $30, P = MC at Q = 80, so this is the profit-maximizing level of output.

Refer to the Accompanying Graph