Refer to the information provided in Figure 8.8 below to answer the question(s) that follow. Figure 8.8
-Refer to Figure 8.8. If this farmer is producing the profit-maximizing level of output, her profit is
A) $0.
B) $2,800.
C) $3,000.
D) $12,000.

Question

Refer to the information provided in Figure 8.8 below to answer the question(s) that follow.  Figure 8.8
-Refer to Figure 8.8. If this farmer is producing the profit-maximizing level of output, her profit is
A) $0. 
B) $2,800. 
C) $3,000. 
D) $12,000.

Quizplus · Accepted Answer

The profit-maximizing level of output occurs where marginal cost equals marginal revenue. The profit is calculated as total revenue minus total cost. Based on the given options, $3,000 is the most likely profit at this level of output.

Refer to the Information Provided in Figure 8