At profit-maximizing output the firms total revenue


Problem:

                                 Marginal            Marginal

Output                      revenue             cost            

    0                                 --                          --

    1                                $16                       $10

    2                                  16                          9

    3                                  16                         13

    4                                  16                         17

    5                                  16                         21

Refer to the above data. At the profit-maximizing output the firm's total revenue is:

    $48.
    $32.
    $80.
    $64.

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