Asked on 30 Oct 2020

From the given table identify the quantity at which profit is maximised and identify average cost.

Price

Quantity

Total Revenue

Total Cost

Total Variable Cost

5

1

5

4

2

5

2

10

6

4

5

3

15

9

7

5

4

20

14

12

5

5

25

22

20

5

6

30

32

30

Answered on 30 Oct 2020

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