Multiple Choice

A company that produces widgets operates in a perfectly competitive market and sells its product at a constant price of $15 per unit. The table below shows the company's marginal cost for producing each additional widget. To maximize its profit, how many widgets should the company produce?

Quantity of WidgetsMarginal Cost ($)
15
27
39
412
515
619
725

0

1

Updated 2025-09-28

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