Table 14-3

-Refer to Table 14-3.At what quantity of output is marginal revenue equal to marginal cost

Name: Table 14-3 -Refer to Table 14-3.At what quantity of output is marginal revenue equal to marginal cost
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Question

Table 14-3
 
-Refer to Table 14-3.At what quantity of output is marginal revenue equal to marginal cost

Quizplus · Accepted Answer

Marginal revenue equals marginal cost at the quantity where the additional revenue from selling one more unit equals the additional cost of producing that unit. In this case, it occurs at a quantity of 6.

Table 14-3 -Refer to Table 14-3.At What Quantity of Output Is Marginal