Question
In the figure below what is the maximum profit and the profit maximizing level of output of the firm when the market price is 8.50
In the figure below what is the maximum profit and the profit maximizing level of output of the firm when the market price is 8.50
A Q = 60 Profit =0
B Q = 55 Profit = 0
C. Q = 55 Profit = 50
D. Q = 50 Profit = 100
I have been given the answer in class which is B but I do not understand why can you please explain this in case I get another question the same.
Thanks
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Dynamic Business Law
Authors: Nancy Kubasek
1st Edition
0073524913, 9780073524917
