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Use the Information About Marginal Cost (MC) and Marginal Revenue

Question 44

Multiple Choice

Use the information about marginal cost (MC) and marginal revenue (MR) that is presented in the table below to determine the profit-maximizing level of output.
 Output 123456789MC101113162025313848MR504540353025201510\begin{array} { l r r r r r r r r r } \text { Output } & 1 & 2 & 3 & 4 & 5 & 6 & 7 & 8 & 9 \\M C & 10 & 11 & 13 & 16 & 20 & 25 & 31 & 38 & 48 \\M R & 50 & 45 & 40 & 35 & 30 & 25 & 20 & 15 & 10\end{array}


A) 1
B) 3
C) 6
D) 9

Correct Answer:

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