Exhibit 8-10Dollarsper unit$6056524840363228242016-12I100MC-MRATCAVCIII150 200 250q18. In Exhibit 8-10, total revenue at the profit-maximizing output level equalsa. $8,000b. $3,600c. $12,000d. $4,800e. $18,00019. At the profit-maximizing output level, the firm represented in Exhibit 8-10 experiencesa. a loss of $3,200d. zero profit or losse. a loss of $6,000b.a profit of $6,000c. a profit of $3,200

The point where the marginal revenue and Marginal cost are same is the profit maximization point for…

Exhibit 8-10 Dollars per unit $60 56 52- 48 C. 40 36 32 28 24 20 16- 12 A MC a profit of $6,000 a profit of $3,200 -MR ATC AVC I 100 150 200 250 18. In Exhibit 8-10, total revenue at the profit-maximizing output level equals a. $8,000 b. $3,600 c. $12,000 19. At the profit-maximizing output level, the firm represented in Exhibit 8-10 experiences a. a loss of $3,200 d. zero profit or loss b. e. a loss of $6,000 d. $4,800 e. $18,000

Exhibit 8-10 Dollars per unit $60 56 52- 48 C. 40 36 32 28 24 20 16- 12 A MC a profit of $6,000 a profit of $3,200 -MR ATC AVC I 100 150 200 250 18. In Exhibit 8-10, total revenue at the profit-maximizing output level equals a. $8,000 b. $3,600 c. $12,000 19. At the profit-maximizing output level, the firm represented in Exhibit 8-10 experiences a. a loss of $3,200 d. zero profit or loss b. e. a loss of $6,000 d. $4,800 e. $18,000

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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