For a Certain Firm, the 100th Unit of Output That

question 358

Multiple Choice

For a certain firm, the 100th unit of output that the firm produces has a marginal revenue of $7 and a marginal cost of $10. It follows that the

• A)production of the 100th unit of output increases the firm's profit by $3.
• B)production of the 100th unit of output increases the firm's average total cost by $7.
• C)firm's profit-maximizing level of output is less than 100 units.
• D)production of the101st unit of output must increase the firm's profit by more than $3.

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