Kizspy | Question: 41 (Choose 1 answer)
For a certain firm, the 100th unit of output that the firm produces has a marginal revenue of $15 and a marginal cost of $11. It follows that the
A. production of the 100th unit of output increases the firm's profit by $4.
B. production of the 100th unit of output increases the firm's average total cost by $11.
C. firm's profit-maximizing level of output is less than 100 units.
D. production of the 99th unit of output must increase the firm's profit by less than $4.
