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    Profit-maximizing level of output

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    With the total-revenue schedule of problem 1 (revised derivatives) and the total-cost schedule of problem 7 (cost function), show the profit-maximizing level of output?

    Problem history:
    1. Derive the total-revenue, average-revenue, and marginal-revenue schedules from Q = 0 to Q = 4 by 1s
    Average revenue (AR) = total revenue (TR) / Q
    Marginal revenue (MR) = change in total revenue / change in Q
    For example Q TR AR MR
    2 14 7
    3 18 6 4
    7. Given the following total-cost schedule:
    Q 0 1 2 3 4 5 6 7 8
    TP 0 2 5 9 12 14 15 15 15

    Derive the average- and marginal-cost schedule

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    https://brainmass.com/business/capital-budgeting/profit-maximizing-level-output-386497

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    The expert examines profit maximizing level of output.

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