Figure 9-15

At which price and quantity is profit maximized for the competitive price-taker firm represented in Figure 9-15?
A) $40 and 80
B) $8 and 70
C) $4 and 40
D) $40 and 70
E) $8 and zero output

Question

Figure 9-15

At which price and quantity is profit maximized for the competitive price-taker firm represented in Figure 9-15?
A) $40 and 80 
B) $8 and 70 
C) $4 and 40 
D) $40 and 70 
E) $8 and zero output

Quizplus · Accepted Answer

The Answer of Figure 9-15

At which price and quantity is profit maximized for the competitive price-taker firm represented in Figure 9-15?
A) $40 and 80 
B) $8 and 70 
C) $4 and 40 
D) $40 and 70 
E) $8 and zero output

Figure 9-15 at Which Price and Quantity Is Profit Maximized for the Profit