Consider the following total cost schedule for a perfectly competitive firm producing ball-point pens.
TABLE 9-3
-Refer to Table 9-3.Suppose the prevailing market price for this firm's product is $0.40.The profit-maximizing level of output for this firm is between
A)0 and 10 units.
B)10 and 20 units.
C)20 and 30 units.
D)30 and 40 units.
E)40 and 50 units.

Question

Consider the following total cost schedule for a perfectly competitive firm producing ball-point pens.
  TABLE 9-3
-Refer to Table 9-3.Suppose the prevailing market price for this firm's product is $0.40.The profit-maximizing level of output for this firm is between
A)0 and 10 units. 
B)10 and 20 units. 
C)20 and 30 units. 
D)30 and 40 units. 
E)40 and 50 units.

Quizplus · Accepted Answer

The Answer of Consider the following total cost schedule for a perfectly competitive firm producing ball-point pens.
  TABLE 9-3
-Refer to Table 9-3.Suppose the prevailing market price for this firm's product is $0.40.The profit-maximizing level of output for this firm is between
A)0 and 10 units. 
B)10 and 20 units. 
C)20 and 30 units. 
D)30 and 40 units. 
E)40 and 50 units.

Consider the Following Total Cost Schedule for a Perfectly Competitive