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

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Solution

The correct option is B
10

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

The correct option is B 10 Profit maximization occurs when MC=MR. This occurs at an output level of 10 units where the MC and MR curves intersect.

The correct option is B
10

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