Refer to the diagram above. In this instance, point e shown on the graph indicates
A. the point where profits will increase by increasing output
B. the point where profits will increase by reducing output
C. the profit-maximizing point where MR = MC
D. the profit-maximizing point where MR is less an MC
Answer:B
Refer to the diagram above. In this instance, point e shown on the graph indicates
A. the point where profits will increase by increasing output B. the point where profits will increase by reducing output C. the profit-maximizing point where MR = MC D. the profit-maximizing point where MR is less an MC
Explanation: Category: Analyze