Answered: Units Produced Total Revenue Total…

Units Produced Total Revenue Total Costs 0 0 200 1 600 660 2 780 720 3 840 780 4 890 870 5 910 980 How many units should the profit maximizing firm produce? a. 1 b. 2 c. 3 d. 4

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

# Units Produced	Total Revenue	Total Costs
0	0	200
1	600	660
2	780	720
3	840	780
4	890	870
5	910	980

How many units should the profit maximizing firm produce?

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