The schedule of total costs for a table-manufacturing company is presented in the table below.The firm sells its product in a price-taker market at $120 per table.What is the maximum monthly profit (or minimum loss) that the firm will be able to earn?

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To find the maximum monthly profit, we need to calculate the total revenue and total cost at each production level and then subtract the total cost from the total revenue. We can see from the table that the maximum monthly profit occurs when the company produces and sells 300 tables. At this level, the total revenue is 300 tables x $120 per table = $36,000. The total cost at this level is $18,950, which gives us a maximum monthly profit of $36,000 - $18,950 = $17,050. However, since the question asks for the minimum loss, we need to determine the production level at which the company incurs the least amount of losses. By examining the table, we can see that the company incurs a loss of $5 when it produces and sells 150 tables. Therefore, the answer is C) $5 profit.

The Schedule of Total Costs for a Table-Manufacturing Company Is