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The table below shows the total revenue (TR) and total cost (TC) for the Sunshine Company. At which quantity (Q) of output is the company's
The table below shows the total revenue (TR) and total cost (TC) for the Sunshine Company. At which quantity (Q) of output is the company's profit maximized? Hint: Note that the company cannot produce partial units. Quantity (Q) Total Revenue (TR) Total Cost (TC) 1 1.50 2.00 2 3.00 2.75 3 4.50 4.00 4 6.00 5.75 5 7.50 7.75
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