Table 14-5

-Refer to Table 14-5.This table provides information on a firm's output,marginal revenue,and marginal cost for a firm.If the firm is maximizing profit,how much profit is it earning?

Question

Table 14-5
 
-Refer to Table 14-5.This table provides information on a firm's output,marginal revenue,and marginal cost for a firm.If the firm is maximizing profit,how much profit is it earning?

Quizplus · Accepted Answer

Without the actual data from Table 14-5, it is impossible to determine the firm's profit. The profit-maximizing condition is where marginal revenue equals marginal cost, but the actual profit also depends on total revenue and total cost, which are not provided.

Table 14-5 -Refer to Table 14-5.This Table Provides Information on a Firm's