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The following incomplete table attached as an image shows a firm's various costs of producing up to 4 units of output. Suppose that the firm

The following incomplete table attached as an image shows a firm's various costs of producing up to 4 units of output. Suppose that the firm whose cost structure is given in the table above can sell any whole number amount 0, 1, 2, 3, or 4, at a unit price of $30.

What is the quantity that maximizes its profit?

(a) 0

(b) 1

(c) 2

(d) 4

image text in transcribed
For questions 1 - 3, use the following information. The foewing incomplete table sham a rm's various costs of producing up to 4 units of output. m------- nmn- ---m---- 3. Suppose that the rm whose cost structure is given in the table above can sell any whole number amount {L 1+ 2, 3, er 4, at a unit price of $3IJ. What is the quantity that maximizes its prot? {a} U {h} 1 {c} 2 {d} 4

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