-Use the above table. If the level of production was determined by the market, it would be

Question

Quizplus · Accepted Answer

In a market-determined level of production, the quantity produced is where the marginal cost (MC) equals the marginal revenue (MR). Without a specific table provided, the correct answer cannot be directly identified from data. However, the principle that the market equilibrium (level of production) occurs where MC = MR is a fundamental concept in economics, suggesting that option C (6) is chosen based on an assumed scenario where this condition is met at the sixth level of production.

-Use the Above Table