Refer to the data in the attachment
What is the profit-maximizing output for this firm
a) 100 units b) above 290 units c) 290 units d) 200 units e) 210 units
In economics, profit maximization is the process by which a firm determines the price and output level that returns the greatest profit. There are several approaches to this problem. The total revenue -- total cost method relies on the fact that profit equals revenue minus cost.
This explains the concept of profit-maximizing output