9.3 Short-Run Decisions Assume the Following Total Cost Schedule for a Perfectly Competitive

Multiple Choice

9.3 Short-Run Decisions
Assume the following total cost schedule for a perfectly competitive firm.
TABLE 9-2
-Refer to Table 9-2.If the market price were $75,this perfectly competitive firm wishing to maximize its profits would

A) produce 2 units of output.
B) produce 6 units of output.
C) produce 5 units of output.
D) not produce because P < minimum of ATC.
E) not produce because P < TFC.