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The table below shows the total revenue {TR} and total cost {TC} for a perfectly competitive firm. At which quantity (Q) of output is the
The table below shows the total revenue {TR} and total cost {TC} for a perfectly competitive firm. At which quantity (Q) of output is the company's profit maximized? Hint: Note that the company cannot produce partial units. Quantity Total Revenue {Q} {TR} no 111 $50 1 1 $55 $43.25 12 $150 $43 13 $55 $54.50 14 $?0 || $64 | 15 $?5 || $??.5o | 15 $80 || $95 | Provide your answer below: Q=D The following chart shows the number of workers and hourly wage rate required to produce different quantities of braking systems in an hour. L)! |13 15 Worker5{L} 2.89 4.25 5.28 6.05 "FL-H} Wage Rate Per Hour 14.7\") 14.?\"0 1430 145'0 14.?0 Quantity of Output (Q) '2 Calculate the cost of producing nine braking systems in an hour. Round your answer to the nearest cent. Provide your answer below: $Cl
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