Refer to the accompanying graph. If this firm is a price taker, then when the price of each unit if output is $15, what is this firm's profit-maximizing level of output?
A)0
B)45
C)60
D)80

Name: Refer to the accompanying graph. If this firm is a price taker, then when the price of each unit if output is $15, what is this firm's profit-maximizing level of output? A)0 B)45 C)60 D)80
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Question

Refer to the accompanying graph. If this firm is a price taker, then when the price of each unit if output is $15, what is this firm's profit-maximizing level of output? 
A)0 
B)45 
C)60 
D)80

Quizplus · Accepted Answer

At P = $15, P = MC at Q = 60, so this is the profit-maximizing level of output.

Refer to the Accompanying Graph