Question: D Question 3 3 pts Table Cost EX22: Data for a Competitive Firm Marginal Output Cost Marginal Revenue (MR) 10) () 1 $7.00 $3.50 $4.50
D Question 3 3 pts Table Cost EX22: Data for a Competitive Firm Marginal Output Cost Marginal Revenue (MR) 10) () 1 $7.00 $3.50 $4.50 2 $7.00 3 $5.50 $6.50 57.00 $7.00 4 5 $7.50 $7.00 Refer to Table Cost.EX2.2. According the marginal cost (MC) and marginal revenue (MR) rule of profit maximization, the maximum economic proht is about $5.50 $8.50 $8.00 $7.00
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