Exhibit 10-15

-In Exhibit 10-15,at the profit maximizing level of output,the total cost is:

Name: Exhibit 10-15 -In Exhibit 10-15,at the profit maximizing level of output,the total cost is:
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Question

Exhibit 10-15
 
-In Exhibit 10-15,at the profit maximizing level of output,the total cost is:

Quizplus · Accepted Answer

At the profit maximizing level of output, we need to find the point where marginal cost (MC) intersects with marginal revenue (MR). This point is at a quantity of 6 units. At this quantity, the total cost is $280. Therefore, the correct answer is C) $280.

Exhibit 10-15 -In Exhibit 10-15,at the Profit Maximizing Level of Output,the Total