See the MC and MR curves for a firm given below and identify the profit-maximizi

Question

See the MC and MR curves for a firm given below and identify the profit-maximizing level of output.

Options:

A . 4

B . 10

C . 12

D . 24

Answer: Option B
:
B
Profit maximization occurs when MC=MR. This occurs at an output level of 10 units where the MC and MR curves intersect.

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