The above table shows the quantity demanded at varying prices and the corresponding marginal cost of production for a mon firm.
-Refer to the table above. What is the profit- maximizing output level?

Question

Quizplus · Accepted Answer

The profit-maximizing output level is where marginal revenue equals marginal cost. In this case, marginal revenue is $10 and marginal cost is $8. Therefore, the profit-maximizing output level is 40 units.

The Above Table Shows the Quantity Demanded at Varying Prices