Use the figure to answer the following question(s).
Figure 9-3
-For Figure 9-3, if the market price is $30, indicate the firm's profit-maximizing output and maximum profit.
A) profit-maximizing output, 125; maximum profit, zero
B) profit-maximizing output, 125; maximum profit, between $1,000 and $1,250
C) profit-maximizing output, 150; maximum profit, $1,500
D) profit-maximizing output, 150; maximum profit, between $1,250 and $1,500

Question

Use the figure to answer the following question(s).
Figure 9-3 
-For Figure 9-3, if the market price is $30, indicate the firm's profit-maximizing output and maximum profit.
A) profit-maximizing output, 125; maximum profit, zero 
B) profit-maximizing output, 125; maximum profit, between $1,000 and $1,250 
C) profit-maximizing output, 150; maximum profit, $1,500 
D) profit-maximizing output, 150; maximum profit, between $1,250 and $1,500

Quizplus · Accepted Answer

The Answer of Use the figure to answer the following question(s).
Figure 9-3 
-For Figure 9-3, if the market price is $30, indicate the firm's profit-maximizing output and maximum profit.
A) profit-maximizing output, 125; maximum profit, zero 
B) profit-maximizing output, 125; maximum profit, between $1,000 and $1,250 
C) profit-maximizing output, 150; maximum profit, $1,500 
D) profit-maximizing output, 150; maximum profit, between $1,250 and $1,500

Use the Figure to Answer the Following Question(s)