A profit maximizing firm would like to produce at least the number of units which minimizes short run:
A)average fixed cost.
B)average variable cost.
C)marginal cost.
D)average cost.

Question

Quizplus · Accepted Answer

A profit-maximizing firm will produce at least the number of units that minimizes the average variable cost in the short run, as this is the point where the firm is most efficient in covering its variable costs per unit.

A Profit Maximizing Firm Would Like to Produce at Least