Assume the price of a product sold by a purely competitive firm is $5. Given the data in the accompanying table, at what output level is total profit highest in the short run?
A)40.
B)20.
C)30.
D)50.

Question

Assume the price of a product sold by a purely competitive firm is $5. Given the data in the accompanying table, at what output level is total profit highest in the short run? 
A)40. 
B)20. 
C)30. 
D)50.

Quizplus · Accepted Answer

The Answer of Assume the price of a product sold by a purely competitive firm is $5. Given the data in the accompanying table, at what output level is total profit highest in the short run? 
A)40. 
B)20. 
C)30. 
D)50.

Assume the Price of a Product Sold by a Purely