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Answer the question on the basis of the following data confronting a firm: Output Marginal Revenue Marginal Cost $16 $10 2 $16 9 $16 13
Answer the question on the basis of the following data confronting a firm: Output Marginal Revenue Marginal Cost $16 $10 2 $16 9 $16 13 4 $16 17 5 $16 21 Refer to the above data. At the profit-maximizing output the firm's total revenue is: O $64. O $48. O $32. O $80. incorrect
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