Use the table above. If the perfectly competitive firm can sell its output for $1 per...

  

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Use the table above. If the perfectly competitive firm can sell its output for $1 per unit, what is the profit-maximizing level of output? 230 units Ⓒ 240 units O 170 units 90 units Number of Workers 0 1 2 3 4 Output 0 90 170 230 240 Fixed Cost $50 $50 $50 $50 $50 Variable Cost $0 $20 $40 $60 $80 Use the table above. If the perfectly competitive firm can sell its output for $1 per unit, what is the profit-maximizing level of output? 230 units Ⓒ 240 units O 170 units 90 units Number of Workers 0 1 2 3 4 Output 0 90 170 230 240 Fixed Cost $50 $50 $50 $50 $50 Variable Cost $0 $20 $40 $60 $80

Answer rating: 100% (QA)

The profitmaximizing level of output is 230 units The correct answer among the four choices is the first option 230 units The profitmaximizing level o... View the full answer