-The above table shows the per day total cost for Kiley's Baseball Glove Company. Each glove is priced at $50 and Kiley's Baseball Glove Company is a perfectly competitive firm. At which of the following amounts of output is the economic profit maximized for Kiley's Baseball Glove Company?

Question

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At an output of 5 units, the total cost is $200 and the total revenue is $250, resulting in an economic profit of $50. This is the maximum economic profit that Kiley's Baseball Glove Company can achieve.

-The Above Table Shows the Per Day Total Cost for Kiley's