Q7

Refer to the

Question

Q7.

Refer to the

short-run data. Which of the following is correct?

A.

This firm will maximize its profit at 440 units of output.

B.

Any level of output between 100 and 440 units will yield an economic profit.

C.

This firm’s marginal revenue rises with output.

D.

Any level of output less than 100 units or greater than 440 units is profitable.

Economics