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    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.

    © BrainMass Inc. brainmass.com December 24, 2021, 4:49 pm ad1c9bdddf
    https://brainmass.com/business/organizational-economics/profit-maximizing-output-firms-total-revenue-9136

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    SOLUTION This solution is FREE courtesy of BrainMass!

    See the attached file.

    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.

    Since the marginal cost is least at output of 2 units that will the profit maximizing output. So total revenue at 2 units = 16x2 = $32.

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    © BrainMass Inc. brainmass.com December 24, 2021, 4:49 pm ad1c9bdddf>
    https://brainmass.com/business/organizational-economics/profit-maximizing-output-firms-total-revenue-9136

    Attachments

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