-Given the Total Cost and Total Revenue Curves in the Figure

question 128

Multiple Choice

-Given the total cost and total revenue curves in the figure above, what is the profit-maximizing output level?

• A) 30,000 bushels
• B) 60,000 bushels
• C) 80,000 bushels
• D) All output levels occur between 30,000 and 80,000 bushels are profit-maximizing output levels.

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