Multiple Choice
Refer to the above data.At the profit-maximizing output,the firm's total revenue is:
A) $48.
B) $38.
C) $80.
D) $64.
Profit maximization occurs at MC = MR,which is three units in this case.At three units of output,total revenue is 3 * $16 = $48.
Correct Answer:
Verified
Related Questions