Here’s the table showing costs, and quantity. Find the profit.     Quantity Total Cost Marginal Cost Total Revenue Marginal Revenue Profit 0  $ 8 ---     $ 0 ---   1 9     $ 1        8     $ 8   2 10 1 16 8   3 11 1 24 8   4 13 2 32 8   5 19 6 40 8   6 27 8 48 8   7 37      10 56 8

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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  1. Here’s the table showing costs, and quantity. Find the profit.

 

 

Quantity

Total Cost

Marginal Cost

Total Revenue

Marginal Revenue

Profit

0

 $ 8

---

    $ 0

---

 

1

9

    $ 1

       8

    $ 8

 

2

10

1

16

8

 

3

11

1

24

8

 

4

13

2

32

8

 

5

19

6

40

8

 

6

27

8

48

8

 

7

37

     10

56

8

 

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