The table given below shows the price charged by a firm and the marginal cost incurred by it for different levels of the output.Table 11.2

-What is the profit-maximizing level of output for the monopoly firm described in Table 11.2, if the firm is earning a positive economic profit?
A)1 unit
B)2 units
C)3 units
D)5 units
E)6 units

Question

The table given below shows the price charged by a firm and the marginal cost incurred by it for different levels of the output.Table 11.2
 
-What is the profit-maximizing level of output for the monopoly firm described in Table 11.2, if the firm is earning a positive economic profit?
A)1 unit 
B)2 units 
C)3 units 
D)5 units 
E)6 units

Quizplus · Accepted Answer

The Answer of The table given below shows the price charged by a firm and the marginal cost incurred by it for different levels of the output.Table 11.2
 
-What is the profit-maximizing level of output for the monopoly firm described in Table 11.2, if the firm is earning a positive economic profit?
A)1 unit 
B)2 units 
C)3 units 
D)5 units 
E)6 units

The Table Given Below Shows the Price Charged by a Firm