Question: The following table shows the total output, average variable cost (AVC), average total cost (ATC), and the marginal cost (MC) of a firm. Total Output

The following table shows the total output, average variable cost (AVC), average total cost (ATC), and the marginal cost (MC) of a firm. Total Output AVC ATC MC 0 154 274 154 60 N 97 157 40 97 137 97 103 133 121 5 110 134 138 140 160 290 12) Refer to the table above. If the price of the product is $121, then the firm's maximum profit is A) $80 B) $60 C) -$12 D) -$48

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