The schedule of total costs for a chair-manufacturing firm is presented in the table below. If the market price of chairs is $100, which of the output levels should this price-taker firm produce in order to maximize profit?

A) 10
B) 20
C) 30
D) 40

Question

The schedule of total costs for a chair-manufacturing firm is presented in the table below. If the market price of chairs is $100, which of the output levels should this price-taker firm produce in order to maximize profit?

A) 10 
B) 20 
C) 30 
D) 40

Quizplus · Accepted Answer

The Answer of The schedule of total costs for a chair-manufacturing firm is presented in the table below. If the market price of chairs is $100, which of the output levels should this price-taker firm produce in order to maximize profit?

A) 10 
B) 20 
C) 30 
D) 40

The Schedule of Total Costs for a Chair-Manufacturing Firm Is