The figure given below shows the cost curves of a firm. Figure 8.3
ATC: Average Total Cost
AVC: Average Variable Cost
MC: Marginal Cost
-Refer to Figure 8.3.If the firm maximizes profits at 120 units of the output,calculate the firm's marginal revenue.
A)$35
B)$40
C)$55
D)$4,200
E)Cannot be determined from the information given.

Question

The figure given below shows the cost curves of a firm. Figure 8.3  
ATC: Average Total Cost
AVC: Average Variable Cost
MC: Marginal Cost
-Refer to Figure 8.3.If the firm maximizes profits at 120 units of the output,calculate the firm's marginal revenue.
A)$35 
B)$40 
C)$55 
D)$4,200 
E)Cannot be determined from the information given.

Quizplus · Accepted Answer

The Answer of The figure given below shows the cost curves of a firm. Figure 8.3  
ATC: Average Total Cost
AVC: Average Variable Cost
MC: Marginal Cost
-Refer to Figure 8.3.If the firm maximizes profits at 120 units of the output,calculate the firm's marginal revenue.
A)$35 
B)$40 
C)$55 
D)$4,200 
E)Cannot be determined from the information given.

The Figure Given Below Shows the Cost Curves of a Firm