Q COO 0 1 2 3 4 5 O 2; $30 The profit maximizing output level is 3; $25 4; $20 P 50 45 40 35 30 25 O 5; $15 TR 0 45 80 105 120 125 MR ---- 45 80 105 120 125 TC 10 14 22 34 50 70 MC ---- 4 8 12 16 20 and the profit maximizing price is Profit

Q COO 0 1 2 3 4 5 O 2; $30 The profit maximizing output level is 3; $25 4; $20 P 50 45 40 35 30 25 O 5; $15 TR 0 45 80 105 120 125 MR ---- 45 80 105 120 125 TC 10 14 22 34 50 70 MC ---- 4 8 12 16 20 and the profit maximizing price is Profit

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

Q
0
1
2
3
4
5
O 2; $30
The profit maximizing output level is
O 3; $25
O 4; $20
P
50
45
40
35
30
25
O 5; $15
TR
0
45
80
105
120
125
MR
----
45
80
105
120
125
TC
10
14
34
50
70
MC
****
4
8
12
16
20
and the profit maximizing price is
Profit

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