-In the above figure, what is total cost at the profit-maximizing point?

Question

Quizplus · Accepted Answer

The profit-maximizing point is where marginal cost equals marginal revenue. Without the figure, we can't directly identify this point or calculate the total cost. However, assuming the profit-maximizing quantity and the corresponding total cost are known or can be deduced from given information (like a demand curve, cost function, or marginal values), the correct answer would be based on those calculations. Since we can't see the figure, this explanation is based on standard economic principles.

-In the Above Figure, What Is Total Cost at the Profit-Maximizing