find profit-maximizing profits from the graph, economics homework help
If the price is $6 then profit-maximizing profits for this firm are:
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Order Paper Now| A. | need more information | |
| B. | $60 | |
| C. | $300 | |
| D. | $360 |
I believe I need more information in order to find profit-maximizing profits from the graph.
I know that Profit Maximization is Marginal Cost = Marginal Revenue, but I feel like that would be too easy of an answer.
Part of me wants to just assume that $6 (price) times 60 (quantity) = $360 would be the correct answer, but please correct me if I am on the wrong track.
Thank you!
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