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The Table Given Below Shows the Total Revenue and Total

Question 31

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The table given below shows the total revenue and total cost of a firm at different levels of output.Table 10.2
The table given below shows the total revenue and total cost of a firm at different levels of output.Table 10.2    -To maximize profits in the short run, a perfectly competitive firm will produce the output at which: A) marginal revenue equals demand. B) price equals marginal revenue. C) price equals marginal cost. D) marginal revenue equals average total cost. E) total revenue equals total cost.
-To maximize profits in the short run, a perfectly competitive firm will produce the output at which:


A) marginal revenue equals demand.
B) price equals marginal revenue.
C) price equals marginal cost.
D) marginal revenue equals average total cost.
E) total revenue equals total cost.

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