The table below gives Amy's total cost schedule for producing holiday wreaths. Amy is a perfect competitor and can sell each wreath for $9.
a. Complete the table by calculating Amy's total revenue and her profit or loss schedule.

b. When Amy is producing 4 wreaths, what is her total cost?
What is her total revenue?
What is her economic profit or economic loss?
c. What number of wreaths maximizes Amy's profit?

Question

The table below gives Amy's total cost schedule for producing holiday wreaths. Amy is a perfect competitor and can sell each wreath for $9.
a. Complete the table by calculating Amy's total revenue and her profit or loss schedule.
  
b. When Amy is producing 4 wreaths, what is her total cost?
 What is her total revenue?
 What is her economic profit or economic loss?
c. What number of wreaths maximizes Amy's profit?

Quizplus · Accepted Answer

The Answer of The table below gives Amy's total cost schedule for producing holiday wreaths. Amy is a perfect competitor and can sell each wreath for $9.
a. Complete the table by calculating Amy's total revenue and her profit or loss schedule.
  
b. When Amy is producing 4 wreaths, what is her total cost?
 What is her total revenue?
 What is her economic profit or economic loss?
c. What number of wreaths maximizes Amy's profit?

The Table Below Gives Amy's Total Cost Schedule for Producing