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11. Profit maximization using total cost and total revenue curves Suppose Kenji runs a small business that manufactures shirts. Assume that the market for shirts
11. Profit maximization using total cost and total revenue curves
Suppose Kenji runs a small business that manufactures shirts. Assume that the market for shirts is a competitive market, and the market price is $20 per shirt.
The following graph shows Kenji's total cost curve.
Use the blue points (circle symbol) to plot total revenue and the green points (triangle symbol) to plot profit for shirts quantities zero through seven (inclusive) that Kenji produces.
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/6675cfa6f2ed2_9026675cfa6d8290.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/6675cfa78e43f_9036675cfa76c002.jpg)
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