A Certain Firm's Marginal Cost, in Dollars, for a Product

question 69

Multiple Choice

A certain firm's marginal cost, in dollars, for a product is , its marginal revenue, in dollars, is , and its total cost of production of 8 items is $900. Find the profit or loss at the optimal level of production. Round your answer to the nearest dollar. ​

• A) $172 loss
• B) $172 profit
• C) $820 profit
• D) $820 loss
• E) $400 loss

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Definitions:

Active Listening

The practice of paying full attention to the speaker, understanding their message, and responding thoughtfully.

Informal Network Lines

The unofficial and usually invisible lines of communication that exist within an organization, based on personal relationships rather than organizational charts or structures.

Negative

Characterized by a lack or absence of positive attributes, often implying pessimism, refusal, or opposition.

Cultural Communication

The exchange of information between individuals from different cultures, considering language, norms, and societal values.