Table 11-2
-In Table 11-2, marginal revenue at the profit-maximizing output is how much?
A)$5
B)$7
C)$8
D)$110

Name: Table 11-2 -In Table 11-2, marginal revenue at the profit-maximizing output is how much? A)$5 B)$7 C)$8 D)$110
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Question

Table 11-2  ​
-In Table 11-2, marginal revenue at the profit-maximizing output is how much?
A)$5 
B)$7 
C)$8 
D)$110

Quizplus · Accepted Answer

The profit maximizing output is the point where MR=MC. At an output of 14 units, the marginal cost is $8, which also equals the marginal revenue. So, the marginal revenue at the profit-maximizing output is $8.

Table 11-2 ​

Table 11-2