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    Finding total revenue and profit at optimal output level

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    1. Use the "graph attached" What is the firm's Total Revenue at the profit maximizing level of output
    32
    0
    16
    8
    14
    Not enough information

    2. Use the "graph attached" What is the firm"s Total Profits at the profit maximizing level of output?

    0
    32
    16
    4
    8
    14

    © BrainMass Inc. brainmass.com October 10, 2019, 2:26 am ad1c9bdddf
    https://brainmass.com/economics/price-levels/finding-total-revenue-and-profit-at-optimal-output-level-377254

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    1.
    Marginal Cost curve and Marginal Revenue curve intersects each other at a output level of 8 units. A vertical line from ...

    Solution Summary

    Solution describes the steps to find out total revenue and total profits at optimal output level.

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