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Using the formulas for profit, marginal revenue, and marginal cost, fill in the table below: QTR TC Profit MR MC 20 1 30 40 2
Using the formulas for profit, marginal revenue, and marginal cost, fill in the table below: QTR TC Profit MR MC 20 1 30 40 2 60 56 3 90 76 4 120 100 5 150 130 6 180 170 What is the optimal output (Q) where TR > TC and where MR = MC? K
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