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11 Dec 2019
What is Bill's economic profit at the profit-maximizing output level?
Quantity
Total cost
Marginal cost
Price
Total revenue
Marginal revenue
0
0
80
1
50
80
2
102
80
3
157
80
4
217
80
5
285
80
6
365
80
7
462
80
What is Bill's economic profit at the profit-maximizing output level?
Quantity |
Total cost |
Marginal cost | Price | Total revenue | Marginal revenue |
0 | 0 | 80 | |||
1 | 50 | 80 | |||
2 | 102 | 80 | |||
3 | 157 | 80 | |||
4 | 217 | 80 | |||
5 | 285 | 80 | |||
6 | 365 | 80 | |||
7 | 462 | 80 |
Yusra AneesLv10
25 Mar 2021