The figure given below shows the revenue and cost curves of a firm. MC represents the marginal cost curve, AC the average cost curve, MR the marginal revenue curve, and AR the average revenue curve.Figure 9.4

-Refer to Figure 9.3. The profit-maximizing level of output is:
A)80 units.
B)70 units.
C)60 units.
D)50 units.
E)40 units.

Question

The figure given below shows the revenue and cost curves of a firm. MC represents the marginal cost curve, AC the average cost curve, MR the marginal revenue curve, and AR the average revenue curve.Figure 9.4
 
-Refer to Figure 9.3. The profit-maximizing level of output is:
A)80 units. 
B)70 units. 
C)60 units. 
D)50 units. 
E)40 units.

Quizplus · Accepted Answer

The Answer of The figure given below shows the revenue and cost curves of a firm. MC represents the marginal cost curve, AC the average cost curve, MR the marginal revenue curve, and AR the average revenue curve.Figure 9.4
 
-Refer to Figure 9.3. The profit-maximizing level of output is:
A)80 units. 
B)70 units. 
C)60 units. 
D)50 units. 
E)40 units.

The Figure Given Below Shows the Revenue and Cost Curves