Kizspy | Question: 39
(Choose 1 answer)
For a certain firm, the 250th unit of output that the firm produces has a marginal revenue of $20 and a marginal
cost of $15. It follows that the
A. production of the 250th unit of output increases the firm's profit by $5.
B. production of the 250th unit of output increases the firm's average total cost by $15.
C. firm's profit-maximizing level of output is less than 250 units.
D. production of the 249th unit of output must increase the firm's profit by less than $5.
