Exhibit 25-8 Quantity 2 3 4 5 6 7 O $5 $10 O $40 Total Revenue O $20 $200 270 320 350 360 350 Total Cost $180 195 205 Refer to Exhibit 25-8. The marginal cost of the last unit produced at the profit-maximizing output level equals 210 220 250

Exhibit 25-8 Quantity 2 3 4 5 6 7 O $5 $10 O $40 Total Revenue O $20 $200 270 320 350 360 350 Total Cost $180 195 205 Refer to Exhibit 25-8. The marginal cost of the last unit produced at the profit-maximizing output level equals 210 220 250

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

Exhibit 25-8
Quantity
2
3
4
5
6
7
O $5
$10
O $40
Total
Revenue
O $20
$200
270
320
350
360
350
Total Cost
$180
195
205
Refer to Exhibit 25-8. The marginal cost of the last unit produced at the profit-maximizing output level
equals
210
220
250

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