(Figure: Short-Run Costs) Use Figure: Short-Run Costs.At the given price,the MOST profitable level of output occurs at quantity:

A) N.
B) P.
C) S.
D) T.

Question

(Figure: Short-Run Costs) Use Figure: Short-Run Costs.At the given price,the MOST profitable level of output occurs at quantity:A) N.B) P.C) S.D) T.

Mabuda Nessa · Accepted Answer

Final Answer : C, Explanation :  At the most profitable level of output, marginal cost (MC) equals marginal revenue (MR). In the figure, this occurs at quantity S, where the MC curve intersects the MR line.

(Figure: Short-Run Costs) Use Figure: Short-Run Costs.At the given price,the MOST profitable level of output occurs at quantity:

A) N.
B) P.
C) S.
D) T.

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