-In the figure above,what is the profit-maximizing level of output when the market price is $8?
A) 10
B) 40
C) 50
D) 60

Name: -In the figure above,what is the profit-maximizing level of output when the market price is $8? A) 10 B) 40 C) 50 D) 60
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Question

-In the figure above,what is the profit-maximizing level of output when the market price is $8?
A) 10 
B) 40 
C) 50 
D) 60

Quizplus · Accepted Answer

The profit-maximizing level of output is where marginal cost equals marginal revenue (market price). If the market price is $8, the output level where the marginal cost curve intersects the $8 price line is the profit-maximizing output.

-In the Figure Above,what Is the Profit-Maximizing Level of Output