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

Question

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

Quizplus · Accepted Answer

The Answer of 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

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