Exhibit 22-3

-Refer to Exhibit 22-3. What quantity of output should the profit-maximizing firm produce?

Question

Exhibit 22-3
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-Refer to Exhibit 22-3. What quantity of output should the profit-maximizing firm produce?

Quizplus · Accepted Answer

A profit-maximizing firm will produce at the quantity where marginal cost (MC) equals marginal revenue (MR). Without the specific details from Exhibit 22-3, we can't identify the exact quantity, but the principle of profit maximization dictates that the correct answer is where MC = MR, which is typically provided in such exhibits.

Exhibit 22-3 ​

Exhibit 22-3