This graph shows the marginal costs of each pair of running shoe inserts produced, Select the correct
answer from the options available,
At what level of production are you making the greatest
profit?
O Pair 2
O Pair 4
O Pair 6
O Pair 7

Respuesta :

Answer:

Pair 4

Explanation:

You make the greatest profit at the production level of pair 4

What is the marginal cost?

The marginal cost is the rate of the change in cost over the change in quantity

The lower the position of the marginal cost, the higher the amount of profit

From the graph, pair 4 is at the lowest point

Hence, you make the greatest profit at the production level of pair 4

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