Reference no: EM13851168

Let C (q) represent the cost and R(q) represent the revenue, in dollars, of pro-ducing q items and let C(100) = 30 and g(100) = 29. Choose the statement that best matches this situation.

A) The marginal cost is greater than the marginal revenue when 100 items are pro-duced, so profits are maximized when some quantity less than 100 is produced.

B) The marginal cost is greater than the marginal revenue, so the firm cannot make a profit.

c) The marginal cost is greater than the marginal revenue when 100 items are produced, so total profit is negative when 100 units are produced.

D) The revenue from the 101st item exceeds the cost to produce it, so producing the 101st item will increase the total profit.

E) The cost of producing the 101st item exceeds the revenue it will generate, so producing the 101st item will reduce the total profit.