Based on the short-run data shown in the graph, the profit-maximizing output for the firm is 320 units.
What output level maximizes profits?
In order to maximize profits, look for the level where Total cost is at its lowest.
This is the same point where MR = MC and on the graph, we see that the lowest total cost occurs at an output level of 320 units.
Find out more on profit-maximizing output at https://brainly.com/question/24233026
#SPJ1
