Based on the Table Below, What Is the Profit Maximizing

question 94

Multiple Choice

Based on the table below, what is the profit maximizing quantity of output? $$\begin{array} { c c c } \mathrm { Q } & \mathrm { P } & \mathrm { TC } \\\hline 40 & \$ 80 & \$ 2,500 \\41 & \$ 79 & \$ 2,510 \\42 & \$ 78 & \$ 2,530 \\43 & \$ 77 & \$ 2,560 \\44 & \$ 76 & \$ 2,600\end{array}$$

• A)40
• B)41
• C)42
• D)43
• E)44

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Definitions:

Business

An organization or enterprising entity engaged in commercial, industrial, or professional activities.

Household

A person or a group of people that share their income.

Factor Market

The marketplace where factors of production like labor, capital, and resources are bought and sold.

Hot Dogs

Cooked sausages, traditionally grilled or steamed, often served in a sliced bun as a fast-food.