Narrbegin Exhibit 7.8
-According to Exhibit 7.8, the output level of the short-run equilibrium for this firm is:

Name: Narrbegin Exhibit 7.8 -According to Exhibit 7.8, the output level of the short-run equilibrium for this firm is:
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Question

Narrbegin Exhibit 7.8  
-According to Exhibit 7.8, the output level of the short-run equilibrium for this firm is:

Quizplus · Accepted Answer

The short-run equilibrium output level is where marginal cost (MC) equals marginal revenue (MR). From the graph, we can see that MC intersects with MR at output level of 110. Therefore, the answer is C.