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 output should this price-taker firm produce to maximize profit?

A) 200
B) 300
C) 400
D) 500

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 output should this price-taker firm produce to maximize profit?

A) 200 
B) 300 
C) 400 
D) 500

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 output should this price-taker firm produce to maximize profit?

A) 200 
B) 300 
C) 400 
D) 500

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