# of Bushels Price Total Revenue Total Cost Total Profit Marg Revenue Marg Cost

0 13. 0. 10. -10. ----- ------

1. 13. 13. 15. -2. 13. 5

2. 13. 26. 22. 4. 13. 7

3. 13. 39. 31. 8. 13. 9

4. 13. 52. 44. 8. 13. 13.

5. 13. 65. 61. 4. 13. 17

THE QUESTION ASK THE FOLLOWING:

If the price of catfish fell from $13 to $7 per bushel, determine the

a. Profit maximizing output. _____ per bushel(s)

b. Profit or loss per bushel. _____ per bushel(s)

c. Total profit or loss. $_______