Question: Assume beef price is $ 9 5 ? cwt , total fixed costs are $ 5 , 0 0 0 , and variable cost per

Assume beef price is $95? cwt, total fixed costs are $5,000, and variable cost per steer is $650. What is the profit maximizing amount of output to produce?
a.50 steers
b.40 steers
c.360 cwt
d.295 cwt
Assume beef price is $95? cwt, total fixed costs are $5,000,

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