Refer to the following:

The graph on the left shows the short-run marginal cost curve for a typical firm selling in a perfectly competitive industry. The graph on the right shows current industry demand and supply.
-What output should the firm produce?

Question

Refer to the following:
  
The graph on the left shows the short-run marginal cost curve for a typical firm selling in a perfectly competitive industry. The graph on the right shows current industry demand and supply.
-What output should the firm produce?

Quizplus · Accepted Answer

The firm should produce 200 units as it is likely the optimal output level based on the given choices, possibly due to cost, demand, or profit considerations.

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