1
answer
0
watching
62
views
6 Oct 2020
Use the information in the table to calculate total revenue, marginal revenue, and marginal cost. Indicate the profit-maximizing level of output.
Output
Price
Cost
1
$5
$10
2
$5
$12
3
$5
$15
4
$5
$19
5
$5
$24
6
$5
$30
7
$5
$45
Use the information in the table to calculate total revenue, marginal revenue, and marginal cost. Indicate the profit-maximizing level of output.
| Output | Price | Cost |
| 1 | $5 | $10 |
| 2 | $5 | $12 |
| 3 | $5 | $15 |
| 4 | $5 | $19 |
| 5 | $5 | $24 |
| 6 | $5 | $30 |
| 7 | $5 | $45 |
Samantha BalandoLv7
29 Oct 2020
