The following question are based on the following cost and revenue schedule for the Presto Piano Company:

-To maximize profits,the firm should produce between ________ units per period.

Question

The following question are based on the following cost and revenue schedule for the Presto Piano Company:
 
-To maximize profits,the firm should produce between ________ units per period.

Quizplus · Accepted Answer

To maximize profits, a firm should produce where marginal cost equals marginal revenue. This typically occurs at a production level where the cost of producing one more unit equals the revenue it generates, often found between 3 and 4 units in standard economic models.

The Following Question Are Based on the Following Cost and Revenue