Answered: 4) What is total cost at the…

4) What is total cost at the profit-maximizing quantity? 5) What is the profit at the profit-maximizing quantity? 6) What is total variable cost at the profit-maximizing quantity?

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Consumer Choice Theory

Section: Chapter Questions

Problem 4SQP

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Question

4) What is total cost at the profit-maximizing quantity?
5) What is the profit at the profit-maximizing quantity?
6) What is total variable cost at the profit-maximizing quantity?

Price
Cost
Margnal
Cost
45
Averaye
Totw
Cost
35
25
Averaye
Varube
Cost
21
Demand
Quantmy
100
125
Marginal revenue

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