6789 Based on the table, what is total revenue for John's Tricycle Company if it produces at its profit- maximizing output? Output Marginal Cost Total Revenue 7,500 5. 1,300 0006 10,500 1,500 13,500 000 O 10,500 O 11.900 000

6789 Based on the table, what is total revenue for John's Tricycle Company if it produces at its profit- maximizing output? Output Marginal Cost Total Revenue 7,500 5. 1,300 0006 10,500 1,500 13,500 000 O 10,500 O 11.900 000

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Based on the table, what is total revenue for John's Tricycle Company if it produces at its profit-
maximizing output?
Output
Marginal
Total
Cost
Revenue
7,500
5.
1,300
1,400
1,500
1,600
0006
10,500
7.
8.
000
13,500
O 10,500

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