The figure given below shows the revenue and cost curves of a firm.MC represents the marginal cost curve, AC the average cost curve, MR the marginal revenue curve, and AR the average revenue curve. Figure 22.4 Refer to Figure 22.3.The profit maximizing level of output is:
A)80 units.
B)70 units.
C)60 units.
D)50 units.
E)40 units.

Question

The figure given below shows the revenue and cost curves of a firm.MC represents the marginal cost curve, AC the average cost curve, MR the marginal revenue curve, and AR the average revenue curve. Figure 22.4  Refer to Figure 22.3.The profit maximizing level of output is:
A)80 units. 
B)70 units. 
C)60 units. 
D)50 units. 
E)40 units.

Quizplus · Accepted Answer

The Answer of The figure given below shows the revenue and cost curves of a firm.MC represents the marginal cost curve, AC the average cost curve, MR the marginal revenue curve, and AR the average revenue curve. Figure 22.4  Refer to Figure 22.3.The profit maximizing level of output is:
A)80 units. 
B)70 units. 
C)60 units. 
D)50 units. 
E)40 units.

The Figure Given Below Shows the Revenue and Cost Curves