If the market equilibrium price of a gallon of milk is$8, what is the marginal revenue associated with producing the 65th gallon ofmilk?

A.

$4

B.

$8

C.

$7.50

D.

$16

If the market equilibrium price of a gallon of milk is$8, what level of output maximizes profit for thisfirm?

A.

80

B.

100

C.

40

D.

0

Which of the following expressions best defines thefirm's profit when it is maximizing its profit at a price of$8?

A.

(100)(8-8.7)

B.

(80)(870-670)

C.

250-(520/60)

D.

(80)(8-8.375)

The table of costs below is for a rm producing milk in a perfectly competitive market. Use this information to answer the following 3 questions. Quantity (gallons of milk) Total Cost we 80 670 alt If the market equilibrium price of a gallon of milk is $8, what is the marginal revenue associated with producing the 65th gallon of milk? O A. $4 (Q B. $8 0 c. $7.50 0 D. $16