At the Current Level of Output,a Firm's Marginal Cost Equals

question 63

Multiple Choice

At the current level of output,a firm's marginal cost equals 16 and marginal revenue equals 10.The firm

• A) is producing the profit-maximizing amount.
• B) should produce more.
• C) should produce less.
• D) Not enough information.

---

Definitions:

Gametes

Reproductive cells (sperm and oocytes) that contain half the genetic material of an organism, which unite during fertilization to form a new organism.

Zygote

The new cell formed by the process of fertilization.

Fertilization

The process by which a sperm and an ovum—the male and female gametes, respectively—join to form a single new cell.

Gamete

A mature haploid male or female germ cell which is able to unite with another of the opposite sex in sexual reproduction to form a zygote.