Exhibit 10-1

-According to Exhibit 10-1,if the international price is MRp and the royalty is $100 per tonne,the output will be:

Question

Exhibit 10-1
 
-According to Exhibit 10-1,if the international price is MRp and the royalty is $100 per tonne,the output will be:

Quizplus · Accepted Answer

The correct answer is A because the output is determined by the intersection of the marginal revenue curve and the marginal cost curve. In this case, the marginal revenue curve is MRp - $100, and the marginal cost curve is MC. The intersection of these two curves occurs at an output of 60 units.

Exhibit 10-1 -According to Exhibit 10-1,if the International Price Is MRp and Price