For a certain firm, the 100th unit of output that the firmproduces has a margina
ID: 1252334 • Letter: F
Question
For a certain firm, the 100th unit of output that the firmproduces has a marginal revenue of $10 and marginal cost of $7. itfollows that a. the production of the 100th. unit of output increasess thefirm's profit by $3. b;. the production of the 100th. unit of output increases thefirm's average total cost by $7. c. the firms profit-maximizing level of output is less than100 units. d. the production of the 110th unit of output must increasethe firm's profit by less than $3. For a certain firm, the 100th unit of output that the firmproduces has a marginal revenue of $10 and marginal cost of $7. itfollows that a. the production of the 100th. unit of output increasess thefirm's profit by $3. b;. the production of the 100th. unit of output increases thefirm's average total cost by $7. c. the firms profit-maximizing level of output is less than100 units. d. the production of the 110th unit of output must increasethe firm's profit by less than $3.Explanation / Answer
Only A increase the firm's profit by three dollars.