Casey’s profit-maximizing level of output (PMLO) or loss-minimizing level of output (LMLO) is:

7 smoothies

4 smoothies

5 smoothies

6 smoothies

3 smoothies

 

Transcribed Image Text:

Smoothies per Week 0 1 ~ 3 700 2 4 5 6 8 Price $6.00 5.50 5.00 4.50 4.00 3.50 3.00 2.50 2.00 Total Cost (TC) $2.00 6.00 9.00 11.50 13.50 15.00 16.00 17.50 20.00 Smoothies per Week 0 1 ~ 3 700 2 4 5 6 8 Price $6.00 5.50 5.00 4.50 4.00 3.50 3.00 2.50 2.00 Total Cost (TC) $2.00 6.00 9.00 11.50 13.50 15.00 16.00 17.50 20.00

Answer rating: 100% (QA)

The calculation of profit maximizing level of output is done below Cost Schedule Ou... View the full answer