(Figure: Output Level 2) What price and output should the firm in the following example choose according to the Rational Rule for Sellers if MC = $4?

A)output = six; price = $6.00
B)output = five; price = $4.00
C)output = six; price = $4.00
D)output = six; price = $5.00

Question

(Figure: Output Level 2) What price and output should the firm in the following example choose according to the Rational Rule for Sellers if MC = $4?

A)output = six; price = $6.00 
B)output = five; price = $4.00 
C)output = six; price = $4.00 
D)output = six; price = $5.00

Quizplus · Accepted Answer

The Answer of (Figure: Output Level 2) What price and output should the firm in the following example choose according to the Rational Rule for Sellers if MC = $4?

A)output = six; price = $6.00 
B)output = five; price = $4.00 
C)output = six; price = $4.00 
D)output = six; price = $5.00

(Figure: Output Level 2) What Price and Output Should the Firm