Table 4-6

-Refer to Table 4-6. The table above lists the marginal cost of polo shirts by Marko's, a firm that specializes in producing men's clothing. If the market price of Marko's polo shirts is $13, Marko's will produce
A) 1 shirt.
B) 2 shirts.
C) 3 shirts.
D) 4 shirts.

Question

Table 4-6
 
-Refer to Table 4-6. The table above lists the marginal cost of polo shirts by Marko's, a firm that specializes in producing men's clothing. If the market price of Marko's polo shirts is $13, Marko's will produce
A) 1 shirt. 
B) 2 shirts. 
C) 3 shirts. 
D) 4 shirts.

Quizplus · Accepted Answer

Marko's will produce 2 shirts because the marginal cost of producing the third shirt is $14, which is greater than the market price of $13.

Table 4-6 -Refer to Table 4-6. the Table Above Lists the Marginal