Suppose a price-taking firm has the following costs:
| Quantity | 0 | 1 | 2 | 3 | 4 | 5 | 6 |
| Total Cost | 200 | 260 | 300 | 350 | 410 | 490 | 590 |
At which of the following prices would this firm earn the most profit?
Group of answer choices
a $40
b $80
c $100
d $50
C) $ 100
At $ 100 firm will earn maximum profit.as firms fixed cost is $ 200 and above.hence it can earn maximum profit by selling a product at $ 100.
Suppose a price-taking firm has the following costs: Quantity 0 1 2 3 4 5 6...
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