Solved

Use the Following to Answer Questions

Question 164

Multiple Choice

Use the following to answer questions:
Figure: Demand and Marginal Revenue Use the following to answer questions: Figure: Demand and Marginal Revenue -(Figure: Demand and Marginal Revenue) The figure Demand and Marginal Revenue refers to a software upgrade. The producer incurred fixed costs of $10 million to produce the upgrade; the marginal cost of allowing consumers to download the upgrade is zero. What is the efficient level of output for the upgrade? A) 0 B) 80,000 C) 125,000 D) 250,000
-(Figure: Demand and Marginal Revenue) The figure Demand and Marginal Revenue refers to a software upgrade. The producer incurred fixed costs of $10 million to produce the upgrade; the marginal cost of allowing consumers to download the upgrade is zero. What is the efficient level of output for the upgrade?


A) 0
B) 80,000
C) 125,000
D) 250,000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q160: Which of the following goods is most

Q161: Some public goods would not be provided

Q162: Which of the following is a common

Q163: Use the following to answer questions:<br>Figure: An

Q165: Which of the following goods is most

Q166: Use the following to answer questions:<br>Figure: Market

Q167: A good that is nonexcludable but rival

Q167: Use the following to answer questions:<br>Figure: Market

Q168: Use the following to answer questions:<br>Figure: Market

Q169: The tendency of people or firms to