Use the table to answer the question.
# of Workers Output Fixed Cost ($) Variable Cost ($) Total Revenue ($)
0 0 100 - -
10 300 100 90 150
20 800 100 290 400
30 1,200 100 490 600
40 1,500 100 670 750
At what output level should a perfectly competitive firm choose to produce at?
(1 point)
Responses
The firm should choose to produce 1,200 units of output.
The firm should choose to produce 1,200 units of output.
The firm should choose to produce 1,500 units of output.
The firm should choose to produce 1,500 units of output.
The firm should choose to produce 300 units of output.
The firm should choose to produce 300 units of output.
The firm should choose to produce 800 units of output.
The firm should choose to produce 800 units of output.
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