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Table showing costs, revenues, and profits: Quantity Total Marginal Total Marginal Profit Cost Cost Revenue Revenue $8 $0 $-8 9 $1 8 $8 -1 10

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Table showing costs, revenues, and profits: Quantity Total Marginal Total Marginal Profit Cost Cost Revenue Revenue $8 $0 $-8 9 $1 8 $8 -1 10 1 16 8 6 11 24 8 13 13 2 32 8 19 19 6 40 8 21 27 8 48 8 21 37 10 56 8 19 Question If the price is $8 per unit, how many units should the firm produce to maximize profit. Explain

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