Table 14-9
Suppose that a firm in a competitive market faces the following revenues and costs:

-Refer to Table 14-9.At which quantity of output is marginal revenue equal to marginal cost?

Question

Table 14-9
Suppose that a firm in a competitive market faces the following revenues and costs:
 
-Refer to Table 14-9.At which quantity of output is marginal revenue equal to marginal cost?

Quizplus · Accepted Answer

Marginal revenue equals marginal cost at 6 units, as this is typically where profit maximization occurs in economic theory.

Table 14-9 Suppose That a Firm in a Competitive Market Faces the Faces