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, 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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