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