-In Table 24.1,according to the profit maximization rule,at the profit-maximizing level of output,marginal revenue is
A)$300.
B)$200.
C)$100.

Name: -In Table 24.1,according to the profit maximization rule,at the profit-maximizing level of output,marginal revenue is A)$300. B)$200. C)$100.
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Question

-In Table 24.1,according to the profit maximization rule,at the profit-maximizing level of output,marginal revenue is
A)$300. 
B)$200. 
C)$100.

Quizplus · Accepted Answer

Marginal revenue is equal to price at the profit-maximizing level of output. In this case, the price is $300.