Question

If ABC Printing is producing an output level of 100, where MR is $5 and MC is $3, then the firm is: Group of answer choices maximizing total profit. making too much profit. making $200 total profit. making $200 total loss. making an unknown amount of profit or loss.

Answer 1

making an unknown amount of profit or loss.

Step-by-step explanation:

In order to determine if a firm is making a profit or a loss, total revenue and total cost needs to be known.

A firm is maximising output if marginal revenue is equal to marginal cost.

I hope my answer helps you