The Table Given Below Reports the Marginal Revenue and Marginal

question 15

Multiple Choice

The table given below reports the marginal revenue and marginal cost of Holmes Detective Agency for each client.Table 9.2

-Assume that a firm's marginal revenue curve intersects the rising portion of the marginal cost curve at 100 units of output. At this output level, a profit-maximizing firm's total cost is $1,000. If the price of the product is $10 per unit, the firm will earn an economic profit of:

• A)zero.
• B)$400.
• C)more than zero but less than $100.
• D)$100.
• E)more than $100.

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