Refer to the information provided in Figure 13.6 below to answer the question that follows. Figure 13.6
-Refer to Figure 13.6. The Memory Company's ________ level of output is 200 high school yearbooks.
A) break-even
B) profit-maximizing
C) loss-maximizing
D) shut down

Question

Refer to the information provided in Figure 13.6 below to answer the question that follows.  Figure 13.6
-Refer to Figure 13.6. The Memory Company's ________ level of output is 200 high school yearbooks.
A) break-even 
B) profit-maximizing 
C) loss-maximizing 
D) shut down

Quizplus · Accepted Answer

The profit-maximizing level of output is where marginal cost (MC) equals marginal revenue (MR), which typically results in the highest level of profit for the company. Without seeing Figure 13.6, this principle generally applies.

Refer to the Information Provided in Figure 13