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17. Answer the question on the basis of the following demand and cost data for a specific firm. Demand Data Cost Data (1) Price (2)

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17. Answer the question on the basis of the following demand and cost data for a specific firm. Demand Data Cost Data (1) Price (2) Price (3) Quantity Total Output Total Cost $ 50 $ 35 2 2 $ 45 45 30 3 3 55 40 25 4 4 70 35 20 5 90 30 15 6 115 CO V O UT 25 10 145 20 5 8 180

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