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Total Marginal Marginal Marginal Quantity Price Revenue Revenue Total Cost Cost Total Profit Profit 0 440 0 15 15 1 380 380 380 35 20

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Total Marginal Marginal Marginal Quantity Price Revenue Revenue Total Cost Cost Total Profit Profit 0 440 0 15 15 1 380 380 380 35 20 345 360 2 350 700 320 55 20 645 300 3 320 960 260 75 20 885 240 4 290 1160 200 95 20 1065 180 5 260 1300 140 115 20 1185 120 6 230 1380 80 135 20 1245 60 7 200 1400 20 155 20 1245 0 8 170 1360 -40 175 20 1185 -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? (>

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