Question: Using the graph below, determine the profit-maximizing price and quantity to produce. graph shows MC going from 40 to over 100 in price and from
Using the graph below, determine the profit-maximizing price and quantity to produce. graph shows MC going from 40 to over 100 in price and from 20 to to over 120 in units. MR line stays at 80 price and increases in units. lines intersect at 80 dollar price and 120 units A.) Profit-maximizing price = $80 Quantity to produce = 80 units B.) Profit-maximizing price = $80 Quantity to produce = 120 units C.) Profit-maximizing price = $80 Quantity to produce = 40 units D.) Profit-maximizing price = $80 Quantity to produce = 160 units
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