Question: The following table shows the total output, variable cost, fixed cost, and marginal cost of a firm. Total Output Variable Cost Fixed Cost Marginal Cost

 The following table shows the total output, variable cost, fixed cost,

The following table shows the total output, variable cost, fixed cost, and marginal cost of a firm. Total Output Variable Cost Fixed Cost Marginal Cost (units) (in $1,000) (in $1,000) (in $1,000) O 0 60 154 60 154 2 194 60 40 3 291 60 97 412 60 121 5 550 60 138 840 60 290 11) Refer to the table above. If the price of the produBisthen the firm's maximum profit is $ A) $80,000 B)$-60,000 C)-$72,000 D) $0

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