Refer to the information provided in Figure 9.2 below to answer the question(s) that follow. Figure 9.2
-Refer to Figure 9.2. If MR = $9, then a profit-maximizing firm will produce ________ units and earn ________.
A) 15; positive profits
B) 9; positive profits
C) 12; negative profits
D) 13; exactly a normal return

Question

Refer to the information provided in Figure 9.2 below to answer the question(s) that follow.  Figure 9.2
-Refer to Figure 9.2. If MR = $9, then a profit-maximizing firm will produce ________ units and earn ________.
A) 15; positive profits 
B) 9; positive profits 
C) 12; negative profits 
D) 13; exactly a normal return

Quizplus · Accepted Answer

MR = MC at Q = 15. At Q = 15, P = $12, so TR = $180 and TC = $165, so π = $15 > 0.

Refer to the Information Provided in Figure 9