The Following Table Depicts the Marginal Revenue and Marginal Cost

question 83

Multiple Choice

The following table depicts the marginal revenue and marginal cost at various levels of output. At what level of output is profit maximized? Marginal Revenue and Marginal Cost
Output Marginal Revenue Marginal Cost
100 $12 $10
150 12 10
200 14 14
250 14 14

• A) 100 units
• B) 150 units
• C) 200 units
• D) 250 units

---

Definitions:

Nations

Large groups of people united by common descent, history, culture, or language, inhabiting a particular country or territory.

Century

A period of 100 years, commonly used as a unit of time to mark historical or chronological significance.

Diminishing Returns

The property whereby the benefit from an extra unit of an input declines as the quantity of the input increases.

Economic Growth Rates

The rate at which a nation's Gross Domestic product (GDP) grows or declines.