Chartered Financial Analyst Level 1
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The following data apply to a firm operating in perfect competition.
Quantity Total Revenue Total Cost 21 $210$13822 $220$14523 $230$15424 $240$165
The firm's profit maximizing output (in units) is most likely:
The following data apply to a firm operating in perfect competition.
| Quantity Total | Revenue Total | Cost |
|---|---|---|
| 21 | $210 | $138 |
| 22 | $220 | $145 |
| 23 | $230 | $154 |
| 24 | $240 | $165 |
The firm's profit maximizing output (in units) is most likely:
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