Multiple Choice
Marginal revenue equals marginal cost at an output of 15 units. At this output, marginal revenue equals $30, average variable cost equals $20, and average total cost equals $25. In the short run, a profit-maximizing firm will earn a profit of
A) -$75.
B) $0.
C) $75.
D) $150.
Correct Answer:
Verified
Correct Answer:
Verified
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