For a certain firm, the 100th unit of output that the firm produces has a margin

Question

For a certain firm, the 100th unit of output that the firm produces has a marginal revenue of $10 and a marginal cost of $7. It follows that the Answer production of the 100th unit of output increases the firm's profit by $3. production of the 100th unit of output increases the firm's average total cost by $7. firm's profit-maximizing level of output is less than 100 units. production of the 99th unit of output must increase the firm%u2019s profit by less than $3 For a certain firm, the 100th unit of output that the firm produces has a marginal revenue of $10 and a marginal cost of $7. It follows that the For a certain firm, the 100th unit of output that the firm produces has a marginal revenue of $10 and a marginal cost of $7. It follows that the production of the 100th unit of output increases the firm's profit by $3. production of the 100th unit of output increases the firm's average total cost by $7. firm's profit-maximizing level of output is less than 100 units. production of the 99th unit of output must increase the firm%u2019s profit by less than $3 production of the 100th unit of output increases the firm's profit by $3. production of the 100th unit of output increases the firm's average total cost by $7. firm's profit-maximizing level of output is less than 100 units. production of the 99th unit of output must increase the firm%u2019s profit by less than $3

Explanation / Answer

ans is Production of the 100th unit of output increases the firm's profit by $3.

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