Table 13-3 Number of Workers Output Fixed Cost Variable Cost Total Cost 0 0 $50 $0...

Question

Question

Table 13-3

Refer to Table 13-3. If the firm can sell its output for $1 per unit, what is the profit-maximizing level of output?

business economics

Answer 1

Answer #1

TR = P * Q

Profit = TR - TC

From the table we see, profit is maximum when 230 units are produced

option D is correct answer

Answer 2

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