The table given below shows the price of each unit of the product manufactured by a firm and the marginal cost of producing different units of the output.Table: 10.1

-According to the information in Table 10.1, this firm will maximize profit when total output is equal to _____ units.

Question

The table given below shows the price of each unit of the product manufactured by a firm and the marginal cost of producing different units of the output.Table: 10.1
 
-According to the information in Table 10.1, this firm will maximize profit when total output is equal to _____ units.

Quizplus · Accepted Answer

The firm will maximize profit when total output is equal to nine units because this is the output level at which marginal revenue equals marginal cost.

The Table Given Below Shows the Price of Each Unit