$$\begin{array} { c c c }
\underline {\text { Quantity }} &\underline { \text { Price (dollars) }} & \underline {\text { Tatal Cast (dollars)} } \
1 & 10 & 5 \
2 & 9 & 8 \
3 & 8 & 12 \
4 & 7 & 17 \
5 & 6 & 23
\end{array}$$
Explain how much the firm shown in Table 8-3 should produce, first using total profit and then using marginal analysis.Table 8-3

Question

$$\begin{array} { c c c } 
\underline {\text { Quantity }} &\underline { \text { Price (dollars) }} & \underline {\text { Tatal Cast (dollars)} } \
1 & 10 & 5 \
2 & 9 & 8 \
3 & 8 & 12 \
4 & 7 & 17 \
5 & 6 & 23
\end{array}$$ 
Explain how much the firm shown in Table 8-3 should produce, first using total profit and then using marginal analysis.Table 8-3

Quizplus · Accepted Answer

The Answer of $$\begin{array} { c c c } 
\underline {\text { Quantity }} &\underline { \text { Price (dollars) }} & \underline {\text { Tatal Cast (dollars)} } \
1 & 10 & 5 \
2 & 9 & 8 \
3 & 8 & 12 \
4 & 7 & 17 \
5 & 6 & 23
\end{array}$$ 
Explain how much the firm shown in Table 8-3 should produce, first using total profit and then using marginal analysis.Table 8-3

Explain How Much the Firm Shown in Table 8-3 Should