-The profit-maximizing,or loss-minimizing,output for the firm in Figure 11-3 is
A)zero units
B)50 units
C)70 units
D)75 units
E)83 units

Name: -The profit-maximizing,or loss-minimizing,output for the firm in Figure 11-3 is A)zero units B)50 units C)70 units D)75 units E)83 units
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Question

-The profit-maximizing,or loss-minimizing,output for the firm in Figure 11-3 is
A)zero units 
B)50 units 
C)70 units 
D)75 units 
E)83 units

Quizplus · Accepted Answer

The profit-maximizing or loss-minimizing output occurs where marginal cost equals marginal revenue. Without the figure, we assume that this condition is met at 70 units based on the given options.

-The Profit-Maximizing,or Loss-Minimizing,output for the Firm in Figure 11-3 Is