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Barrels of Oil Produced Marginal Revenue Marginal Cost Average Costs 1 $50 $4 $34.00 2 50 6 40.00 3 50 11 17.00 4 50 17

Barrels of Oil Produced Marginal Revenue Marginal Cost Average Costs 1 $50 $4 $34.00 2 50 6 40.00 3 50 11 17.00 4 50 17 17.00 5 50 23 18.20 6 50 29 20.00 7 50 36 22.29 8 50 50 25.75 9 50 90 32.89 10 50 124 42.00 The table above shows marginal revenue, marginal cost, and average cost of producing oil. What is the profit from producing 10 barrels of oil

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