Under pure competition, the market price of an output is $3. The output schedule of a firm using input X is listed in the table. If the price of input X is $12, how many units of input X will the firm employ to maximize profits?
A)4
B)5
C)7

Question

Under pure competition, the market price of an output is $3. The output schedule of a firm using input X is listed in the table. If the price of input X is $12, how many units of input X will the firm employ to maximize profits? 
A)4 
B)5 
C)7

Quizplus · Accepted Answer

The Answer of Under pure competition, the market price of an output is $3. The output schedule of a firm using input X is listed in the table. If the price of input X is $12, how many units of input X will the firm employ to maximize profits? 
A)4 
B)5 
C)7

Under Pure Competition, the Market Price of an Output Is