For a Certain Firm,the 100th Unit of Output That the Firm

question 27

Multiple Choice

For a certain firm,the 100th unit of output that the firm produces has a marginal revenue of $10 and a marginal cost of $7.Which statement best explains the firm's profit-maximizing decision

• A)The production of the 100th unit of output increases the firm's profit by $3.
• B)The production of the 100th unit of output increases the firm's average total cost by $7.
• C)The firm's profit-maximizing level of output is less than 100 units.
• D)The firm is maximizing profits at the 100th unit of output.

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