Answer the Question on the Basis of the Accompanying Table

question 278

Multiple Choice

Answer the question on the basis of the accompanying table that shows average total costs (ATC) for a manufacturing firm whose total fixed costs are $10. $\begin{array}{|c|c|}\hline \text { Output } & \text { ATC } \\\hline 1 & \$ 40 \\\hline 2 & 27 \\\hline 3 & 29 \\\hline 4 & 31 \\\hline 5 & 38 \\\hline\end{array}$ The profit-maximizing level of 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:

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