Answer:c
Step-by-step explanation:
Profit maximization happens with marginal revenue is equal to marginal cost, so if Grant's assumption was right before selling the extra unit, when he actually sells the extra unit, this will increase his revenue
That's why the answer is c
Marginal revenue will exceed marginal cost
The answer is definitely c
Both the numerator and denominator are continuous at
, which means the quotient rule for limits applies:
Perhaps you meant to write that
instead? In that case, you would have