Refer to the information provided in Figure 8.9 below to answer the question(s) that follow. Figure 8.9
-Refer to Figure 8.9. This farmer's profit-maximizing level of output is ________ units of output.
A) 100
B) 350
C) 500
D) 700

Question

Refer to the information provided in Figure 8.9 below to answer the question(s) that follow.  Figure 8.9
-Refer to Figure 8.9. This farmer's profit-maximizing level of output is ________ units of output.
A) 100 
B) 350 
C) 500 
D) 700

Quizplus · Accepted Answer

A profit-maximizing level of output is where marginal cost (MC) equals marginal revenue (MR), assuming the figure shows MC intersecting MR at 500 units of output.

Refer to the Information Provided in Figure 8