Question 30.)

Quantity pounds of Total revenue Total cost, cookies (dollars) (dollars) 15 13 2 30 24 45 39 60 58 75 81 30) The table above gives the total revenue and total cost for a perfectly competitive firm producing chocolate chip cookies. If the firm is producing 1 pound of cookies, to maximize its profit it will A) continue producing 1 pound of cookies. B) increase its output. C) decrease its output. D) shut down