Refer to the short-run data in the accompanying graph. Which of the following is correct?
A)This firm will maximize its profit at 440 units of output.
B)Any level of output between 100 and 440 units will yield an economic profit.
C)This firm's marginal revenue rises with output.
D)Any level of output less than 100 units or greater than 440 units is profitable.

Question

Refer to the short-run data in the accompanying graph. Which of the following is correct?
A)This firm will maximize its profit at 440 units of output. 
B)Any level of output between 100 and 440 units will yield an economic profit. 
C)This firm's marginal revenue rises with output. 
D)Any level of output less than 100 units or greater than 440 units is profitable.

Quizplus · Accepted Answer

The Answer of  Refer to the short-run data in the accompanying graph. Which of the following is correct?
A)This firm will maximize its profit at 440 units of output. 
B)Any level of output between 100 and 440 units will yield an economic profit. 
C)This firm's marginal revenue rises with output. 
D)Any level of output less than 100 units or greater than 440 units is profitable.

Refer to the Short-Run Data in the Accompanying Graph