Question: Based on marginal analysis, what is the approximate profit-maximizing level of output for this bu…

02 May Question: Based on marginal analysis, what is the approximate profit-maximizing level of output for this bu…

Posted at 07:38h in 2Past Paper by Exams

The table below depicts the prices and total costs a local used-book store faces. The bookstore competes with a number of similar stores, but it capitalizes on its location and the word-of-mouth reputation of the coffee it serves to its customers. Calculate the store’s total revenue, total profit, marginal revenue, and marginal cost at each level of output, beginning with the first unit (Enter all values rounded to the nearest penny.) Price per Total Total Marginal Profit ($) Reveue () Cost (s) Total Marginal Output Book () Costs ($) Revenue ($) 5.75 5.50 5.25 5.00 4.75 4.50 4.25 4.00 4.00 7.25 9.50 11.60 14.10 17.60 21.75 26.50

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