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Total Cost Schedule for a Competitive Firm If Market Price Is $60,what Is the Maximum Profit the c

Question 41

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Total cost schedule for a competitive firm:  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,what is the maximum profit the firm can earn?


A) -$10
B) Zero profit,the firm shuts down
C) $75
D) $80
E) $85

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