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The Schedule of Total Cost for a Firm in a Price-Taker

Question 423

Multiple Choice

The schedule of total cost for a firm in a price-taker market is given in the table. If the market price for this product is $50, which of the following output levels should this firm produce if it wants to maximize its profit?
The schedule of total cost for a firm in a price-taker market is given in the table. If the market price for this product is $50, which of the following output levels should this firm produce if it wants to maximize its profit? A) 1 B) 2 C) 3 D) 4


A) 1
B) 2
C) 3
D) 4

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