-The above table depicts prices, quantities, and marginal costs faced by the campus bookstore. At the profit-maximizing level of output, what is the profit earned by the store?

Question

Quizplus · Accepted Answer

At the profit-maximizing level of output, marginal cost equals marginal revenue. The profit is calculated as total revenue minus total cost. Based on the given data, the profit is $6.

-The Above Table Depicts Prices, Quantities, and Marginal Costs Faced