The Figure Given Below Shows the Revenue and Cost Curves

question 30

Multiple Choice

The figure given below shows the revenue and cost curves of a firm.MC represents the marginal cost curve, AC the average cost curve, MR the marginal revenue curve, and AR the average revenue curve. Figure 8.4 Refer to Figure 8.3.The profit maximizing level of output is:

• A)80 units.
• B)70 units.
• C)60 units.
• D)50 units.
• E)40 units.

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