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(Solved): consider the total cost and total revenue given in the following table Consider the total cost ...
consider the total cost and total revenue given in the following table
Consider the total cost and total revenue given in the following table: .0 Quantity Total Cost = $8 Total Revenue = $0 • 1 Quantity Total Cost = $9 Total Revenue = $8 Total Revenue = $16 • 2 Quantity Total Cost = $10 3 Quantity Total Cost = $11 Total Revenue = $24 4 Quantity Total Cost = $13 Total Revenue = $32 Total Revenue = $40 . 5 Quantity Total Cost = $19 . 6 Quantity Total Cost = $27 Total Revenue = $48 • 7 Quantity Total Cost = $37 Total Revenue = $56 How much quantity should the firm produce to maximize profit? (A) 2 B 4 . 6 7