-Refer to Table 10-3. What is the amount of the firm's loss at its optimal output level?
A) $0
B) $41
C) $45
D) $50

Name: -Refer to Table 10-3. What is the amount of the firm's loss at its optimal output level? A) $0 B) $41 C) $45 D) $50
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Question

Quizplus · Accepted Answer

At the optimal output level of 5 units, the firm's total revenue is $90 and its total cost is $131. Therefore, the firm's loss is $41 ($90 - $131 = -$41). The best choice is to not produce at all as producing would lead to a loss.