JNU- 2010 Doubt

Posted by jack on Mar 25, 2014; 3:20pm
URL: http://discussion-forum.276.s1.nabble.com/JNU-2010-Doubt-tp7585489.html

These six questions 11-16 are based on the following table which gives the variable cost of producing the different levels of output of a commodity that a competitive firm might produce:
OUTPUT ,VARIABLE COST OF PRODUCTION
0,0
1,25
2,42
3,54
4,64
5,75
6,93
7,112
8,140
9,180
10,230
The sunk cost of production in the short run is 15.
QUES14
If the price of commodity is 14, then the profit maximizing level of output is:
a.4
b.5
c.0
d. None of the above
ANS - c
QUES15
If the price of commodity is 17, then the profit maximizing level of output is:
a.1
b.2
c.3
d.5
ANS -d

can anyone help me how to do these quetions????