1. What is the profit-maximizing output level based on the information hs ted below! Number Output APP MPPTTC AFC AVCAN MCMR of (hundred Steers weight of beef) 0 0 10 72 20 148 30 225 40 295 50 360 60 420 70 475 80 525 90 570 100 610 *Total fixed costs are $50.00 and variable costs are $495 per steer. Selling price for the steers is assumed to be $87.50 per hundredweight