Question\begin{tabular}{|l|l|l|}
\hline Output & Marginal Revenue & Marginal Cost \\
\hline 0 & - & - \\
\hline 1 & & \\
\hline 2 & 18 & 9 \\
\hline 3 & 18 & 13 \\
\hline 5 & 18 & 17 \\
\hline
\end{tabular}
Refer to the data in the accompanying table. If the firm's minimum average variable cost is , the firm's profit-maximizing level of output would be
(A) 3 .
(B) 5 .
(C) 2
(D) 4 .
Studdy Solution
The firm's profit-maximizing level of output is **5**.
So the answer is (B).
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