-Refer to Figure 10.5.The profit-maximizing level of output for the Memory Company is ________ high school yearbooks.
A) 0
B) 200
C) 300
D) 350

Question

-Refer to Figure 10.5.The profit-maximizing level of output for the Memory Company is ________ high school yearbooks.
A) 0 
B) 200 
C) 300 
D) 350

Quizplus · Accepted Answer

The profit-maximizing level of output for a firm occurs where marginal cost (MC) equals marginal revenue (MR). Without seeing Figure 10.5, the correct answer cannot be determined directly from the question. However, assuming choice B (200) is the point where MC equals MR based on typical economic theory, it would be the profit-maximizing level of output.