Refer to the information provided in Figure 9.2 below to answer the question(s) that follow. Figure 9.2 -Refer to Figure 9.2. If demand for wheat is D₃, then a profit-maximizing firm will produce ________ units and earn ________. A) 15; positive profits B) 9; positive profits C) 12; negative profits D) 13; exactly a normal return

Question

Quizplus · Accepted Answer

The profit-maximizing firm will produce at the quantity where marginal cost equals marginal revenue. At this point, the firm will produce 15 units and earn positive profits.

Refer to the Information Provided in Figure 9