-If the firm maximizes its profits,its marginal cost will be
A)$8.
B)$10.
C)$12.
D)$16.

Name: -If the firm maximizes its profits,its marginal cost will be A)$8. B)$10. C)$12. D)$16.
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Question

-If the firm maximizes its profits,its marginal cost will be
A)$8. 
B)$10. 
C)$12. 
D)$16.

Quizplus · Accepted Answer

Marginal cost is the change in total cost that results from producing one additional unit of output. If the firm maximizes its profits, it will produce the quantity of output where marginal cost equals marginal revenue. In this case, marginal cost is $8.

-If the Firm Maximizes Its Profits,its Marginal Cost Will Be