4. Consider the example of the cost of pumpkins in Table 4. Compute the total revenue, total...

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4. Consider the example of the cost of pumpkins in Table 4. Compute the total revenue, total costs, and profits when the price of a crate of pumpkins is $60.

How many crates of pumpkins will maximize profits?

Now find the profit-maximizing quantity by using the marginal cost approach. How do your answers compare? Which approach did you find easier?

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Principles Of Microeconomics

ISBN: 9784492370292

6th Edition

Authors: John B. Taylor, Akila Weerapana

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Question Posted: Nov 05, 2024 04:00 AM

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4. Consider the example of the cost of pumpkins in Table 4. Compute the total revenue, total...

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Principles Of Microeconomics

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