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    Marginal Cost & Marginal Revenue

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    The data below are for a competitive business (price-taker).

    Output Average Average Average
    Fixed Cost Variable Cost Total Costs Marginal Cost

    0 $3,000
    1 $3,000 $900 $3,900 $900
    2 $1,500 $800 $2,300 $700
    3 $1,000 $700 $1,700 $500
    4 $750 $600 $1,350 $300
    5 $600 $500 $1,100 $100
    6 $500 $550 $1,050 $800
    7 $429 $600 $1,029 $900
    8 $375 $650 $1,025 $1,000
    9 $333 $700 $1,033 $1,100
    10 $300 $750 $1,050 $1,200

    If the market price is $1,100 per unit, the company should:

    a. six units with profit of $300.
    b. six units with profit of $3,300.
    c. nine units with profit of $600.
    d. nine units with profit of $3,600.

    Thinking it either C or D since that is where MC=MR. But don't know how to calculate the profit!

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    https://brainmass.com/economics/output-and-costs/marginal-cost-marginal-revenue-383122

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