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.
Attachments
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.