The Marginal Revenue and Marginal Cost at Various Levels of Output

question 181

Multiple Choice

The marginal revenue and marginal cost at various levels of output is listed below: Output
Marginal Revenue
($)
Marginal Cost
($)
100
16
14
150
15
12
200
12
10
250
9
9
At what level of output is profit maximized?

• A)100 units
• B)150 units
• C)200 units
• D)250 units

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