-Use the above figure. Total cost at the profit-maximizing output is closet to
A) $6,600.
B) $9,600.
C) $4,800.
D) $8,000.

Question

-Use the above figure. Total cost at the profit-maximizing output is closet to
A) $6,600. 
B) $9,600. 
C) $4,800. 
D) $8,000.

Quizplus · Accepted Answer

The total cost at the profit-maximizing output can be determined by finding the output level where marginal cost (MC) equals marginal revenue (MR), and then calculating the total cost at that output level. Without the figure, it's not possible to directly calculate or confirm the exact total cost. However, based on the given options and assuming a typical profit-maximizing scenario where MC intersects MR, and given that option A) $6,600 is chosen as the correct answer, it suggests that at the profit-maximizing output level, the total costs associated with producing that quantity of goods or services is closest to $6,600. This would typically involve summing fixed costs with variable costs at the profit-maximizing output level.

-Use the Above Figure