In the "Settings" box, set the Market Price to $$57\mathrm{.}50,$ then adjust the slider below the quantity to make the profits on the graph as large as possible.

Suggestion: It may help to have the Show Profit$/$Loss at the top of the Graph set to $"$On$."$

a$.$ What is this profit maximizing quantity?

units

b$.$ What are total profits at this level of output? $

Round your answer to two decimal places.

c$.$ What is the marginal cost of producing this level of output? $

Round your answer to two decimal places.

d$.$ What is the marginal revenue from selling this level of output? $

Round your answer to two decimal places.

e$.$ Are average total costs minimized at this level of output?

$$

Answer rating: 100% (QA)

a The profit maximizing quantity is 20 units b Total profits at a quantity ... View the full answer