The table shows cost and revenue data for an outpatient surgery clinic. Calculate the clinic’s marginal cost, marginal revenue, and profits at each level of output. Which price maximizes its profits?

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Surgeries 250 300 350 400 450 $1,920 $1,00 $1,675 $11,550 $2,000 $500,000 $576,000 $630,000 $670,000 $697,500 $516,000 $538,500 $563,500 $591,000 $621,000 Price Revenue Cost Surgeries 250 300 350 400 450 $1,920 $1,00 $1,675 $11,550 $2,000 $500,000 $576,000 $630,000 $670,000 $697,500 $516,000 $538,500 $563,500 $591,000 $621,000 Price Revenue Cost

Answer rating: 100% (QA)

surgery price revenue cost marginal cost marginal revenue profit 250 2000 500000 516000 0 0 16000 30... View the full answer