(Table: Marginal Analysis of Sweatshirt Production II) Look at the table Marginal Analysis of Sweatshirt Production II.Given the information provided, the optimal quantity of sweatshirts to produce is:

Question

Quizplus · Accepted Answer

The optimal quantity to produce is where marginal cost equals marginal revenue. At quantity 4, marginal cost is $12 and marginal revenue is $12, indicating that the producer will maximize profits at this quantity. At quantities above or below 4, the marginal cost is higher than the marginal revenue, meaning that producing more or less would lead to lower profits.

(Table: Marginal Analysis of Sweatshirt Production II) Look at the Table