-If the firm in this figure were to produce at a level that would maximize its profit or minimize its loss, its price and output would be:
A) $10.00 and 600 units.
B) $10.00 and 1,200 units.
C) $22.00 and 940 units.
D) $40.00 and 600 units.

Question

-If the firm in this figure were to produce at a level that would maximize its profit or minimize its loss, its price and output would be:
A) $10.00 and 600 units. 
B) $10.00 and 1,200 units. 
C) $22.00 and 940 units. 
D) $40.00 and 600 units.

Quizplus · Accepted Answer

The Answer of 
-If the firm in this figure were to produce at a level that would maximize its profit or minimize its loss, its price and output would be:
A) $10.00 and 600 units. 
B) $10.00 and 1,200 units. 
C) $22.00 and 940 units. 
D) $40.00 and 600 units.

-If the Firm in This Figure Were to Produce at a Level