(Table: Total Cost and Output) the Table Describes Sergei's Total

question 238

Essay

(Table: Total Cost and Output) The table describes Sergei's total costs for his perfectly competitive all-natural ice cream firm.If the market price of a tub of ice cream is $50, what quantity will Sergei produce in order to maximize profit?
A.2
B.3
C.4
D.5

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Definitions:

Investment

The act of allocating resources, usually money, with the expectation of generating an income or profit.

Comparative Advantage

The ability of a country, individual, company, or region to produce a good or offer a service at a lower opportunity cost than competitors.

Capital

Resources made and used by people to produce and distribute goods and services, including buildings, machinery, tools, and equipment.

Investment

Utilization of resources (such as capital, time, or effort) with the expectation of achieving a future return, often through the acquisition of assets or improvement of productivity.