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h) What is the optimal output? (to answer this question, a precise number is not required, it is enough to say what is the interval
h) What is the optimal output? (to answer this question, a precise number is not required, it is enough to say what is the interval that contains the optimal output). What is the level of prot at that output? (again, a range of values is enough to answer this question correctly). Is the seller a price taker? If the price were raised to $9.00, what would then be the optimal output level? If the price were lowered because of adverse market conditions to $5 .50, would the firm make a loss or a prot? If the rm would make a loss at a price of $5.50, would it continue to produce in the short run? What is the breakeven output when the price is $6.40
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