Multiple Choice
For a certain firm, the 100th unit of output that the firm produces has a marginal revenue of $11 and a marginal cost of $10. It follows that the
A) production of the 100th unit of output increases the firm's profit by $1.
B) production of the 100th unit of output increases the firm's average total cost by $1.
C) firm's profit-maximizing level of output is less than 100 units.
D) production of the 101st unit of output must increase the firm's profit by more than $1.
Correct Answer:

Verified
Correct Answer:
Verified
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