Question: Add MR and MC columns to Table in the chapter and find the profit-maximizing output level using the MR and MC approach. When calculating MR

Add MR and MC columns to Table in the chapter and find the profit-maximizing output level using the MR and MC approach. When calculating MR and MC, don€™t forget to divide Î”TR and Î”TC by the change in output, which is not one unit in the table. Does the profit-maximizing output level differ from the one found in the appendix, using the MRP = W approach? Explainbriefly.

Output Marginal Number Cars Product Washed of Labor Price per Product Daily Workers per Day) (MPL) Car Wash Revenue(MP) Wage (W) 5 $1,472 6

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