1 year ago

Refer to the short-run data in the accompanying graph. The profit-maximizing output for this firm is...

Business

1 answer:

Over [174]1 year ago

4 0

The profit-maximizing output for this firm, given the short - run data on the graph, is 320 units.

<h3>How to find the profit - maximizing output?</h3>

The profit-maximizing output for a firm is the point where the marginal revenue received is equal to the marginal cost incurred. This means that every additional unit sold both cost the same to produce, as the revenue it brings in.

The point where the marginal revenue and the marginal cost are equal to each other is the lowest point of the Total cost curve This point on the graph is 320 units so this is the profit-maximizing output.

Find out more on profit-maximizing output at brainly.com/question/28177975

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