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Homework answers / question archive / Using the table: Revenue and Cost for a Perfectly Competitive Firm

Using the table: Revenue and Cost for a Perfectly Competitive Firm

Economics

Using the table: Revenue and Cost for a Perfectly Competitive Firm. What is the Quantity that maximizes profit?

Select one:

a. 0

b. 8

c. 10

d. 9

Revenue and Cost for a Perfectly Competitive Firm

 

P Q TR MR TC MC Profit
50   0       20    
50   1   50   32    
50   2   50   48    
50   3   50   68    
50   4   50   92    
50   5   50 120    
50   6   50 152    
50   7   50 188    
50   8   50 228    
50   9   50 270    
50 10   50 320    
50 11   50 372    
50 12   50 428    
50 13   50 488

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