Table 85 -Refer to Table 8

question 37

Multiple Choice

Table 8.5
$$\begin{array} { | c | c | c | } \hline \begin{array} { c } \text { Quantity } \\\text { of Output }\end{array} & \begin{array} { c } \text { Total } \\\text { Revenue } ( \$ ) \end{array} & \begin{array} { c } \text { Total } \\\text { Cost } ( \$ ) \end{array} \\\hline 0 & 0 & 50 \\\hline 10 & 50 & 70 \\\hline 20 & 100 & 90 \\\hline 30 & 150 & 120 \\\hline 40 & 200 & 200 \\\hline 50 & 250 & 325 \\\hline\end{array}$$
-Refer to Table 8.5,which shows the output supplied by a firm,its total revenue,and its total cost of production.What is the profit-maximizing output?

• A)10 units
• B)20 units
• C)30 units
• D)40 units
• E)50 units

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Definitions:

Services

Intangible products that are produced and consumed simultaneously, offering value without resulting in the ownership of physical goods.

Communist Systems

Political and economic systems in which property and resources are commonly owned, aiming to eliminate social classes and promote equality.