-In the above figure, what is the profit-maximizing price and output?
A) $9, 14
B) $13, 14
C) $11, 16
D) $10, 17

Question

-In the above figure, what is the profit-maximizing price and output?
A) $9, 14 
B) $13, 14 
C) $11, 16 
D) $10, 17

Quizplus · Accepted Answer

The profit-maximizing output is where marginal cost (MC) equals marginal revenue (MR). The given options suggest different price and output levels, but without a figure, we typically look for the output level where MR=MC, and then the associated price. Option B suggests a price of $13 for 14 units, which aligns with a common economic principle where the profit is maximized at the output level where MR=MC, assuming the price given corresponds to the demand at that output level.

-In the Above Figure, What Is the Profit-Maximizing Price and Output