Based on the graph below, what would total cost be at the profit maximizing level of output?

Name: Based on the graph below, what would total cost be at the profit maximizing level of output?
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Quizplus · Accepted Answer

The profit maximizing level of output is where marginal revenue equals marginal cost. In this case, it appears that the marginal cost curve intersects with the marginal revenue curve at approximately 5 units of output. At this point, the total cost appears to be approximately $875.

Based on the Graph Below, What Would Total Cost Be