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Given the cost data on the chart, what amount of output would the firm produce if the market price was around1.50? Capital Labor Output Costs

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Given the cost data on the chart, what amount of output would the firm produce if the market price was around1.50? Capital Labor Output Costs AC MC 1.00 0.00 0.00 10.00 1.00 1.00 10.00 15.00 1.50 0.50 1.00 2.00 14.14 20.00 1.41 1.21 1.00 3.00 17.32 25.00 1.44 1.57 1.00 4.00 20.00 30.00 1.50 1.87 1.00 5.00 22.36 35.00 1.57 2.12 1.00 6.00 24.49 40.00 1.63 2.34 1.00 7.00 26.46 45.00 1.70 2.55 1.00 8.00 28.28 50.00 1.77 2.74 1.00 9.00 30.00 55.00 1.83 2.91 1.00 10.00 31.62 60.00 1.90 3.08

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