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. Optimization: Marginal Analysis- Quantity Determination, Profit Maximization Given the following information, please state your suggestions: 25% Price Quantity Total Revenue Total Cost 150 1
. Optimization: Marginal Analysis- Quantity Determination, Profit Maximization
Given the following information, please state your suggestions: 25%
Price | Quantity | Total Revenue | Total Cost |
150 | 1 | 82 | |
148 | 2 | 72 | |
144 | 3 | 60 | |
140 | 4 | 52 | |
138 | 5 | 46 | |
135 | 6 | 38 | |
132 | 7 | 34 | |
129 | 8 | 42 | |
126 | 9 | 48 | |
123 | 10 | 53 | |
120 | 11 | 61 | |
117 | 12 | 71 | |
114 | 13 | 82 |
- What will be the quantity that you will suggest to produce for reaching the optimization point (in resource allocation)? Please specify your decision rule and present the number to support your decision (Must show your calculation steps and explain) (10%)
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