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The schedule of total costs for a chair-manufacturing firm is presented in the table below. If the market price of chairs is $100, which output

The schedule of total costs for a chair-manufacturing firm is presented in the table below. If the market price of chairs is $100, which output should this price-taker firm produce to maximize profit? Units of Output 0 1 2 3 Total Cost (dollars) 50 120 200 290 395 600 UWN 5 2 3 4 5

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