Use the following to answer question:
-(Figure: Short-Run Costs)Use Figure: Short-Run Costs.At the given price,the MOST profitable level of output occurs at quantity:

Question

Use the following to answer question: 
-(Figure: Short-Run Costs)Use Figure: Short-Run Costs.At the given price,the MOST profitable level of output occurs at quantity:

Quizplus · Accepted Answer

At the most profitable level of output, marginal cost (MC) equals marginal revenue (MR). In the figure, this occurs at quantity S, where the MC curve intersects the MR line.

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