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The Total Cost Schedule for a Competitive Firm Is Given

Question 2

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The total cost schedule for a competitive firm is given by:  Output  Tatal Cost 0$10160280311041655245\begin{array} { c c } \text { Output } & \text { Tatal Cost } \\\hline 0 & \$ 10 \\1 & 60 \\2 & 80 \\3 & 110 \\4 & 165 \\5 & 245 \\\hline\end{array} If market price is $60,how many units of output will the firm produce?


A) Zero units of output because the firm shuts down.
B) 1 unit of output.
C) 2 units of output.
D) 3 units of output.
E) none of the above.

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