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Economics 101

See attached file
1. Refer to the above data. At the profit-maximizing output the firm's total revenue is:
A. $48.
B. $32.
C. $80.
D. $64.

Marginal Marginal
Output revenue cost

0 -- --
1 $16 $10
2 16 9
3 16 13
4 16 17
5 16 21

1. Refer to the above data. At the profit-maximizing output the firm's total revenue is:
A. $48.
B. $32.
C. $80.
D. $64.

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Solution Preview

See the attached file.

Marginal Marginal
Output revenue cost

0 -- ...

Solution Summary

The profit maximizing output of a firm's total revenue is analyzed.

$2.19