The figure given below shows the cost curves of a firm. Figure 22.3 ATC: Average Total Cost
AVC: Average Variable Cost
MC: Marginal Cost
Refer to Figure 22.3.If the firm maximizes profits at 120 units of the output, calculate the firm's marginal revenue.
A)$35
B)$40
C)$55
D)$4, 200
E)Cannot be determined from the information given.

Question

The figure given below shows the cost curves of a firm. Figure 22.3  ATC: Average Total Cost
AVC: Average Variable Cost
MC: Marginal Cost
Refer to Figure 22.3.If the firm maximizes profits at 120 units of the output, calculate the firm's marginal revenue.
A)$35 
B)$40 
C)$55 
D)$4, 200 
E)Cannot be determined from the information given.

Quizplus · Accepted Answer

The Answer of The figure given below shows the cost curves of a firm. Figure 22.3  ATC: Average Total Cost
AVC: Average Variable Cost
MC: Marginal Cost
Refer to Figure 22.3.If the firm maximizes profits at 120 units of the output, calculate the firm's marginal revenue.
A)$35 
B)$40 
C)$55 
D)$4, 200 
E)Cannot be determined from the information given.

The Figure Given Below Shows the Cost Curves of a Firm