CORRECT TEXT
A business has fixed costs of $200. Its total variable costs at different levels of output are as follows:
The business can always sell its output at a price of $100 per unit
The profit maximizing level of output is
Answer: 4
CORRECT TEXT
A business has fixed costs of $200. Its total variable costs at different levels of output are as follows:
The business can always sell its output at a price of $100 per unit
The profit maximizing level of output is
Answer: 4