53.6k views
4 votes
If ABC Printing is producing an output level of 100, where MR is $5 and MC is $3, then the firm is: Group of answer choices maximizing total profit. making too much profit. making $200 total profit. making $200 total loss. making an unknown amount of profit or loss.

User Revell
by
7.7k points

1 Answer

6 votes

Answer:

making an unknown amount of profit or loss.

Step-by-step explanation:

In order to determine if a firm is making a profit or a loss, total revenue and total cost needs to be known.

A firm is maximising output if marginal revenue is equal to marginal cost.

I hope my answer helps you

User CosminO
by
8.5k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories