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The table below represents a firm's profit for producing and selling spatulas. Assume that if a firm would have the same profit at two different
The table below represents a firm's profit for producing and selling spatulas. Assume that if a firm would have the same profit at two different levels of output, then the firm would choose the greater level of output. Assume that the only levels output that the firm can produce are the levels of output given in the table. At what level of output does the firm maximize profits? Quantity Total Cost Marginal Cost Total Revenue Marginal Revenue $25.00 $0.00 LI $34.97 $1.27 $11.00 $1.00 22 $46.96 $1.18 $22.00 $1.00 33 $54.00 $1.00 $33.00 $1.00 44 $72.92 $1.18 $44.00 $1.00 55 $100.75 $1.45 $55.00 $1.00 Provide your answer below: to search L 61.F Sunny ~ 0 G E PrtSc F3 X FA C F5 F6 F7 F8 F9 F10 F11 F12 @ S % & N 3 4 5 6 7 8 9 W E R Y O P S D F G H J K X C V B N M
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