Question

When P it was $55 how many units well the profit maximizing firm supply to the market a 30 be 40 C 50 D 16

Answer 1

C. 50

Explanation:

Here we have to look at the given graph and find the answer.

The vertical axis represents the price and cost per unit. That is represented by P.

The horizontal axis represents the units of output, that is represented by q.

We need to find the number of units when p = $55.

By look at the graph of the curve MC, when P = $55, the number of units is 50.

Therefore, the answer is C. 50.

Hope this will helpful to understand the concept.

Thank you.