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The Following Table Gives the Average Total Cost of Production

question 172

Multiple Choice

The following table gives the average total cost of production for various levels of output for a competitive price-taker firm
The following table gives the average total cost of production for various levels of output for a competitive price-taker firm If the firm's fixed cost of production is $3 and the market price is $10,how many units should the firm produce to maximize its profit? A) 1 B) 2 C) 3 D) 4
If the firm's fixed cost of production is $3 and the market price is $10,how many units should the firm produce to maximize its profit?

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