Use the following to answer question: 
-(Table: Total Cost for a Perfectly Competitive Firm) Use Table: Total Cost for a Perfectly Competitive Firm.If the market price is $5.50,the profit-maximizing quantity of output is _____ units. =
Definitions:
M&M Proposition II
A theory proposing that the value of a firm is unaffected by its capital structure, assuming no taxes and that investment returns are required to increase with leverage.
Cost of Equity
The rate of return that a company is expected to pay to its shareholders to compensate them for the risk of investing in the equity of the company.
Leverage
The use of various financial instruments or borrowed capital, like debt, to increase the potential return of an investment.
Debt-Equity Ratio
The ratio of a firm's total liabilities to its shareholders' equity, used to assess financial leverage.
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