Multiple Choice
This table shows the total costs for various levels of output for a firm operating in a perfectly competitive market.
According to the table shown,the firm's profit is:
A) maximized at 3 units of output.
B) maximized at 4 units of output.
C) maximized at 5 units of output.
D) not maximized at any level of output given.
Correct Answer:
Verified
Related Questions