Figure 5.1

-Refer to Figure 5.1. If the current production level is 90 and the firm wishes to maximize profit, it should
A) leave the current production level unchanged.
B) decrease the quantity produced to 75.
C) decrease the quantity produced to 50.
D) decrease the quantity produced to 35.
E) increase production until MR = MC.

Question

Figure 5.1
 
-Refer to Figure 5.1. If the current production level is 90 and the firm wishes to maximize profit, it should
A) leave the current production level unchanged. 
B) decrease the quantity produced to 75. 
C) decrease the quantity produced to 50. 
D) decrease the quantity produced to 35. 
E) increase production until MR = MC.

Quizplus · Accepted Answer

The Answer of Figure 5.1
 
-Refer to Figure 5.1. If the current production level is 90 and the firm wishes to maximize profit, it should
A) leave the current production level unchanged. 
B) decrease the quantity produced to 75. 
C) decrease the quantity produced to 50. 
D) decrease the quantity produced to 35. 
E) increase production until MR = MC.

Figure 5.1 -Refer to Figure 5.1. If the Current Production Level Is