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5. The price of a meal at the restaurant Is $14/bu. Total revenue is TR = PQ, the price times the output quantity. Profit is
5. The price of a meal at the restaurant Is $14/bu. Total revenue is TR = PQ, the price times the output quantity. Profit is a = TR - TC, total revenue minus total costs. a. Fill in the last two columns of the table (total revenue and profit for each output quantity). b. What is the level of output that maximizes profits? c. What is the maximum level of profits that the restaurant can earn
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