Question

Total

Output

Total

Costs

Total

Output

Total

Costs

100$500106$528
101501107540
102503108555
103506109580
104510110615
105518111660

Refer to the above table. This firm operates in a perfectly competitive market in which the market price is $10 per unit. What is its profit -maximizing rate of production?

A) 104 units

B) 106 units

C) 108 units

D) 110 units

Answer

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