Multiple Choice
-Refer to the information above.Assume that the amount the firm pays for rent increases from $50 to $60.The profit-maximizing level of output is now _______ and the firm will earn a _________.
A) 40;profit of $15
B) 80;loss of $30
C) 80;profit of $10
D) 120;profit of $44
E) 120;profit of $54
Correct Answer:
Verified
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