The Marginal Revenue (MR) for a Firm Is a Constant

question 101

Multiple Choice

The marginal revenue (MR) for a firm is a constant $45, and the firm's marginal cost (MC) is given by MC = 1.5Q (where Q is quantity of output) . What is the firm's profit-maximizing level of output?

• A) 67.5
• B) 30
• C) 45
• D) 15

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Definitions:

Stable External

A term used to describe factors outside an individual that are consistent and unchanging, influencing behavior or circumstances.

Unstable External

This refers to external attributions for behavior that are variable or subject to change, such as luck or temporary circumstances.

Stable Internal

A term describing traits, beliefs, or motivations within an individual that are consistent over time and across different situations.

Unstable Internal

Attributes or characteristics within an individual that are inconsistent and subject to change.