Multiple Choice
The table given below reports the marginal revenue and marginal cost of Holmes Detective Agency for each client.Table 9.2
-Assume that a firm's marginal revenue curve intersects the rising portion of the marginal cost curve at 100 units of output. At this output level, a profit-maximizing firm's total cost is $1,000. If the price of the product is $10 per unit, the firm will earn an economic profit of:
A) zero.
B) $400.
C) more than zero but less than $100.
D) $100.
E) more than $100.
Correct Answer:

Verified
Correct Answer:
Verified
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