Exhibit 6-4
-Refer to Exhibit 6-4. Assume that fixed costs equal $30. If the price is $20, the profit that results at the profit-maximizing output level is
A)$50.
B)$38.
C)$20.
D)-$4.
E)$80.

Question

Exhibit 6-4 
-Refer to Exhibit 6-4. Assume that fixed costs equal $30. If the price is $20, the profit that results at the profit-maximizing output level is
A)$50. 
B)$38. 
C)$20. 
D)-$4. 
E)$80.

Quizplus · Accepted Answer

The Answer of Exhibit 6-4 
-Refer to Exhibit 6-4. Assume that fixed costs equal $30. If the price is $20, the profit that results at the profit-maximizing output level is
A)$50. 
B)$38. 
C)$20. 
D)-$4. 
E)$80.

Exhibit 6-4 -Refer to Exhibit 6-4. Assume That Fixed Costs Equal $30