Figure 12-10

-Refer to Figure 12-10.The total cost at the profit-maximizing output level equals
A)$4,800.
B)$3,300.
C)$2,500.
D)$1,800.

Name: Figure 12-10 -Refer to Figure 12-10.The total cost at the profit-maximizing output level equals A)$4,800. B)$3,300. C)$2,500. D)$1,800.
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Question

Figure 12-10
 
-Refer to Figure 12-10.The total cost at the profit-maximizing output level equals
A)$4,800. 
B)$3,300. 
C)$2,500. 
D)$1,800.

Quizplus · Accepted Answer

The total cost at the profit-maximizing output level is determined by the intersection of the marginal cost and marginal revenue curves, which corresponds to the cost of $3,300.

Figure 12-10 -Refer to Figure 12-10.The Total Cost at the Profit-Maximizing Output