Answer the Question on the Basis of the Following Cost

question 157

Multiple Choice

Answer the question on the basis of the following cost data: $$\begin{array} { c c c } &&\text { Total } \\\text { Output }&&\text { Cost }\\\hline0 & & \$ 24 \\1 & & 33 \\2 & & 41 \\3 & & 48 \\4 & & 54 \\5 & & 61 \\6 & & 69\end{array}$$ Refer to the data.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:

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