The Marginal Revenue (MR) for a Firm Is a Constant

question 24

Multiple Choice

The marginal revenue (MR) for a firm is a constant $45, and the firm's marginal cost (MC) is given by MC = 1.5Q (where Q is quantity of output) . What is the firm's profit-maximizing level of output?

• A) 67.5
• B) 30
• C) 45
• D) 15

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Definitions:

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