Refer to the Table Shown A) 1 Unit of Output

question 44

Multiple Choice

Refer to the table shown. If the market price is $8, a perfectly competitive profit-maximizing firm will produce: $$\begin{array} { | c | c | } \hline \text { Quantity } & \text { Marginal Cast } \\\hline 1 & \$ 3 \\\hline 2 & 5 \\\hline 3 & 7 \\\hline 4 & 9 \\\hline\end{array}$$

• A) 1 unit of output.
• B) 2 units of output.
• C) 3 units of output.
• D) 4 units of output.

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