For the data in the following table, which level of q will maximize profit? $$\begin{array} { l l l }
\hline \mathrm { q } & \mathrm { MR } & \mathrm { MC } \
\hline 0 & 0 & 0 \
10 & 40 & 10 \
20 & 30 & 20 \
30 & 20 & 30 \
40 & 10 & 40 \
50 & 5 & 50 \
\hline
\end{array}$$
A)10
B)20
C)30
D)40

Question

For the data in the following table, which level of q will maximize profit? $$\begin{array} { l l l } 
\hline \mathrm { q } & \mathrm { MR } & \mathrm { MC } \
\hline 0 & 0 & 0 \
10 & 40 & 10 \
20 & 30 & 20 \
30 & 20 & 30 \
40 & 10 & 40 \
50 & 5 & 50 \
\hline
\end{array}$$
A)10
B)20
C)30
D)40

Quizplus · Accepted Answer

Profit is maximized where marginal revenue (MR) equals marginal cost (MC), which occurs at q=20.

For the Data in the Following Table, Which Level of Q