Answer the Question on the Basis of the Following Cost

question 293

Multiple Choice

Answer the question on the basis of the following cost data. $\begin{array}{|c|c|}\hline \text { Output } & \text { Total Cost } \\\hline 0 & \$ 24 \\\hline 1 & 33 \\\hline 2 & 41 \\\hline 3 & 48 \\\hline 4 & 54 \\\hline 5 & 61 \\\hline 6 & 69 \\\hline\end{array}$ The profit-maximizing output for this firm

• A) is 3.
• B) is 4.
• C) is 5.
• D) cannot be determined from the information given.

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Definitions:

Commercial Unit(s)

A standard of measure, quantity, or grade of goods that is treated as a whole for commercial purposes, especially in sale or lease transactions.

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Unique or scarce monetary coins which are collected for their historical, cultural, or investment value.

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The Chinese Gold Panda is a series of gold bullion coins issued by the People's Republic of China, noted for its changing panda-themed designs.

Accountant

A professional responsible for managing and examining financial records, and providing advice on fiscal matters.