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# Economics 101

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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.

## 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!