The curve that indicates how much output a profit-maximizing competitive firm will produce at any given price is the
A)marginal revenue curve.
B)total revenue curve.
C)marginal cost curve.
D)total cost curve.
E)fixed cost curve.

Question

Quizplus · Accepted Answer

The marginal cost curve above the shutdown point indicates how much output a profit-maximizing competitive firm will produce at any given price because, in competitive markets, the price is equal to marginal cost for profit maximization.

The Curve That Indicates How Much Output a Profit-Maximizing Competitive