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

question 159

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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? 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 D)  4


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