Refer to the table shown. The maximum profit that the perfectly competitive firm represented by the above data could earn is: $$\begin{array} { | c | c | c | }
\hline \text { Quantity } & \text { Tatal Cast } & \text { Tatal Revenue } \
\hline 10 & \$ 25 & 50 \
\hline 20 & 60 & 100 \
\hline 30 & 105 & 150 \
\hline 40 & 160 & 200 \
\hline
\end{array}$$

Question

Refer to the table shown. The maximum profit that the perfectly competitive firm represented by the above data could earn is: $$\begin{array} { | c | c | c | } 
\hline \text { Quantity } & \text { Tatal Cast } & \text { Tatal Revenue } \
\hline 10 & \$ 25 & 50 \
\hline 20 & 60 & 100 \
\hline 30 & 105 & 150 \
\hline 40 & 160 & 200 \
\hline
\end{array}$$

Quizplus · Accepted Answer

The maximum profit is calculated by subtracting total cost from total revenue. The maximum profit occurs at the quantity where this difference is greatest. For each quantity: - At 10 units, profit = $50 - $25 = $25. - At 20 units, profit = $100 - $60 = $40. - At 30 units, profit = $150 - $105 = $45. - At 40 units, profit = $200 - $160 = $40. Therefore, the maximum profit is $45.

Refer to the Table Shown A)$25 B)$35

Refer to the Table Shown A)$25
B)$35