Exhibit 11-1
-Refer to Exhibit 11-1. The firm will maximize profits at the price of

Name: Exhibit 11-1 -Refer to Exhibit 11-1. The firm will maximize profits at the price of
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Question

Exhibit 11-1 
-Refer to Exhibit 11-1. The firm will maximize profits at the price of

Quizplus · Accepted Answer

The firm will maximize profits where marginal revenue (MR) equals marginal cost (MC). From the graph, the intersection of MR and MC curves is at a quantity of 800 units. At this quantity, the corresponding price is $75 per unit. Therefore, the firm will maximize profits at a price of $75 per unit.

Exhibit 11-1 -Refer to Exhibit 11-1. the Firm Will Maximize Profits at Maximize