Given the following table and assume that the firm is a price-taker, and the market price...
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Given the following table and assume that the firm is a price-taker, and the market price of ita product is $75 Determine the optimum level of output that maximizes the fir's total prolits. Total Total Average Average Output Total Cost | Foxed Cost Variable Cout| Fixed Cost Variable Cost 50 95 125 140 4. 175 240 B. 315 400 23 5n 1. Given the following table and assume that the firm is a price-taker, and the market price of ita product is $75 Determine the optimum level of output that maximizes the fir's total prolits. Total Total Average Average Output Total Cost | Foxed Cost Variable Cout| Fixed Cost Variable Cost 50 95 125 140 4. 175 240 B. 315 400 23 5n 1.
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