Price (dollars per pound) ATC Market 3 -D= MR price 1 10 20 40 30 Quantity...

Question

Question

Price (dollars per pound) ATC Market 3 -D= MR price 1 10 20 40 30 Quantity (thousands of pounds) Figure 12-6 shows the demand

business economics

Answer 1

Answer #1

Answer

the profit is maximum at the marginal revenue equal to marginal costs

The firm produces at MR=MC
where
Q=between 20 and 30
Q=24
option C

Answer 2

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