Refer to Figure 15.1. The ________ number of haircuts for Dom's Barber Shop is 20.

A) profit-maximizing number
B) loss-minimizing number
C) shutdown quantity
D) break-even

Question

Refer to Figure 15.1. The ________ number of haircuts for Dom's Barber Shop is 20.A)  profit-maximizing numberB)  loss-minimizing numberC)  shutdown quantityD)  break-even

Valerjr Dotven · Accepted Answer

Final Answer : A, Explanation :  The profit-maximizing number of haircuts is the quantity at which a firm's marginal costs equal its marginal revenue, leading to the highest possible profit. Without seeing Figure 15.1, this principle generally applies.

Refer to Figure 15.1. The ________ number of haircuts for Dom's Barber Shop is 20.

A) profit-maximizing number
B) loss-minimizing number
C) shutdown quantity
D) break-even

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Learning Objectives

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