The above table summarizes the marginal cost of production at various quantity levels for a perfectly competitive firm.
-Refer to the table above. The perfectly competitive firm has a random demand with a 50 percent chance of being $5 and a 50 percent chance of being $7. What quantity should the firm produce to maximize its expected profit?

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The Answer of  The above table summarizes the marginal cost of production at various quantity levels for a perfectly competitive firm.
-Refer to the table above. The perfectly competitive firm has a random demand with a 50 percent chance of being $5 and a 50 percent chance of being $7. What quantity should the firm produce to maximize its expected profit?

The Above Table Summarizes the Marginal Cost of Production at Various