The demand curve and marginal revenue curve for red rubber balls are g
The demand curve and marginal revenue curve for red rubber balls are given as follows:
Q = 16 – P MR = 16 – 2Q
What level of output maximizes profit?
A) 0
B) 4
C) 5.5
D) 6
E) B, C and D all maximize profit.
ANSWER
D
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