Question
What is the profit-maximizing level of output and price? What is the amount of total profit? Quantity (units) Price (dollars) Total Revenue (dollars) Marginal revenue
What is the profit-maximizing level of output and price?
What is the amount of total profit?
Quantity | Price | Total Revenue (dollars) | Marginal revenue | Total Cost | Marginal cost |
1 | 22 | 6 | 6 | ||
2 | 20 | 14 | 8 | ||
3 | 18 | 26 | 12 | ||
4 | 16 | 44 | 18 | ||
5 | 14 | 72 | 28 | ||
6 | 12 | 112 | 40 | ||
7 | 10 | 166 | 54 | ||
8 | 8 | 236 | 70 |
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
15th edition
77861612, 1259194078, 978-0077861612, 978-1259194078
