The table given below reports the marginal revenue and marginal cost of Holmes Detective Agency for each client.Table 9.2

-Refer to Table 9.2. If we assume that Holmes is currently serving 8 clients, then Holmes Agency:
A)is maximizing profit.
B)should find more clients to increase profits.
C)is maximizing total revenue.
D)could increase profits by serving less clients.
E)is minimizing cost.

Question

The table given below reports the marginal revenue and marginal cost of Holmes Detective Agency for each client.Table 9.2
 
-Refer to Table 9.2. If we assume that Holmes is currently serving 8 clients, then Holmes Agency:
A)is maximizing profit. 
B)should find more clients to increase profits. 
C)is maximizing total revenue. 
D)could increase profits by serving less clients. 
E)is minimizing cost.

Quizplus · Accepted Answer

The Answer of The table given below reports the marginal revenue and marginal cost of Holmes Detective Agency for each client.Table 9.2
 
-Refer to Table 9.2. If we assume that Holmes is currently serving 8 clients, then Holmes Agency:
A)is maximizing profit. 
B)should find more clients to increase profits. 
C)is maximizing total revenue. 
D)could increase profits by serving less clients. 
E)is minimizing cost.

The Table Given Below Reports the Marginal Revenue and Marginal