Answer the question on the basis of the following cost data: $0$24133241348454561669\begin{array} { c c c } &&\text { Total } \\\text { Output }&&\text { Cost }\\\hline0 & & \$ 24 \\1 & & 33 \\2 & & 41 \\3 & & 48 \\4 & & 54 \\5 & & 61 \\6 & & 69\end{array}$ Refer to the data.The profit-maximizing output for this firm:

A) is 3.
B) is 4.
C) is 5.
D) cannot be determined from the information given.

Question

Answer the question on the basis of the following cost data:

0$24133241348454561669\begin{array} { c c c } &&\text { Total } \\\text { Output }&&\text { Cost }\\\hline0 & & \$ 24 \\1 & & 33 \\2 & & 41 \\3 & & 48 \\4 & & 54 \\5 & & 61 \\6 & & 69\end{array}

Refer to the data.The profit-maximizing output for this firm:

A) is 3.
B) is 4.
C) is 5.
D) cannot be determined from the information given.

rodley thelors · Accepted Answer

Final Answer : D, Explanation :  To determine the profit-maximizing output, we need information about the firm's revenue at different levels of output. The given data only provides costs, not prices or revenues, so we cannot determine the profit-maximizing output without additional information.

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