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Quantity 0 1 Price 140 130 125 120 115 110 105 100 95 Total Revenue 0 130 250 360 460 550 630 700 760 Marginal

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Quantity 0 1 Price 140 130 125 120 115 110 105 100 95 Total Revenue 0 130 250 360 460 550 630 700 760 Marginal Revenue 130 120 110 100 90 80 70 60 What quantity should the firm produce to maximize profit? What is the marginal revenue at the optimal quantity? What is the marginal cost at the optimal quantity? What is the maximum profit? Total Cost () Marginal Cost 30 40 5O 60 7O 80 90 100 Total Profit -5 95 175 235 275 295 295 275 235 Marginal Profit 100 80 60 40 20 20 4o

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