How much output should be produced in plant 1 in order to maximize profits?
A)1.
B)4.
C)8.
D)11.

Name: How much output should be produced in plant 1 in order to maximize profits? A)1. B)4. C)8. D)11.
Brand: Quizplus
Rating: 4.9 (37 reviews)

Question

Quizplus · Accepted Answer

To maximize profits, the output should be set where marginal cost equals marginal revenue. Without additional information, option C (8) is assumed to be the optimal output level based on typical economic principles.

How Much Output Should Be Produced in Plant 1 in Order