-Refer to Figure above. If he only produced gloves, what would Dan's profit be if he produces the profit-maximizing quantity?
A) $2,000
B) $2,200
C) $2,500
D) $3,100

Question

-Refer to Figure above. If he only produced gloves, what would Dan's profit be if he produces the profit-maximizing quantity?
A) $2,000 
B) $2,200 
C) $2,500 
D) $3,100

Quizplus · Accepted Answer

Dan's profit would be $2,500 if he produces the profit-maximizing quantity of gloves. This is determined by calculating total revenue minus total costs at the quantity where marginal cost equals marginal revenue.

-Refer to Figure Above