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The Schedule of Total Costs for a Chair-Manufacturing Firm Is

Question 14

Multiple Choice

The schedule of total costs for a chair-manufacturing firm is presented in the table below. If the market price of chairs is $100, which output should this price-taker firm produce to maximize profit? The schedule of total costs for a chair-manufacturing firm is presented in the table below. If the market price of chairs is $100, which output should this price-taker firm produce to maximize profit? A) 200 B) 300 C) 400 D) 500


A) 200
B) 300
C) 400
D) 500

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