In Figure 17-4,below,initial Demand,marginal Cost,and Marginal Revenue Curves (None of Them

question 42

Multiple Choice

In Figure 17-4,below,initial demand,marginal cost,and marginal revenue curves (none of them shown) caused the firm to produce the profit-maximizing quantity Y₀ at a price of P₀.Now the demand and marginal cost curves have moved to those shown,with the marginal revenue curve running through point L.
Figure 17-4

-In Figure 17-4 above,the profit-maximizing quantity,in the absence of "menu costs," ________,with profit equal to ________.

• A)remains Y₀,J + K
• B)remains Y₀,H + K
• C)remains Y₀,G + H + J + K
• D)falls to Y₁,G + J
• E)falls to Y₁,F + G + J

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