# Finding optimal level of production

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For the graph below:

a. Identify the firm's profit maximizing (or loss minimizing output)

b. Is the firm making a profit or realizing losses? How do you know?

c. Should the firm continue to operate in the short run?

Please see the attached file for the graph.

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##### Solution Summary

The solution explains how to find optimal level of production for a firm. It also determines what course of action should be taken in this situation.

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Solution:

a. Identify the firm's profit maximizing (or loss minimizing ...

###### Education

- BEng (Hons) , Birla Institute of Technology and Science, India
- MSc (Hons) , Birla Institute of Technology and Science, India

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