-In the above figure, at the profit-maximizing rate of production for the perfectly competitive firm profit is

Question

Quizplus · Accepted Answer

In a perfectly competitive market, the profit-maximizing rate of production is determined where marginal cost (MC) equals marginal revenue (MR). The profit is calculated as the difference between total revenue (TR) and total cost (TC). Without the specific figure, we can't calculate the exact amount, but based on the given options and assuming the question implies a scenario where the profit is $30, the correct answer would be C) $30. This is a theoretical explanation; the exact answer would depend on the details provided in the figure not visible in this format.

-In the Above Figure, at the Profit-Maximizing Rate of Production