To find the profit-maximizing output level, you need to set the firm's marginal revenue equal to...

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To find the profit-maximizing output level, you need to set the firm's marginal revenue equal to its marginal cost. In this case: MR=92-8Q and MCp = 12, so 92 - 8Q = 12 What is the profit-maximizing quantity (in tons)? Type a value into the blank space below, and click Submit. 10 tons Now that you have determined the profit-maximizing output to be 10 tons, what is the profit-maximizing price? Recall that TG Taters' wholesale derived demand is: P = 92 - 4Q What is the profit-maximizing price? Type a value into the blank space below, and click Submit. $ 52 Now you can determine TG Taters' current economic profit per hour. The profit-maximizing output is 10 tons per hour, the profit-maximizing price is $52 per ton, and TG Taters' average total cost is $12, so what is TG Taters' current economic profit per hour? Type a value into the blank space below, and click Submit. The economic profit is $ per hour. To find the profit-maximizing output level, you need to set the firm's marginal revenue equal to its marginal cost. In this case: MR=92-8Q and MCp = 12, so 92 - 8Q = 12 What is the profit-maximizing quantity (in tons)? Type a value into the blank space below, and click Submit. 10 tons Now that you have determined the profit-maximizing output to be 10 tons, what is the profit-maximizing price? Recall that TG Taters' wholesale derived demand is: P = 92 - 4Q What is the profit-maximizing price? Type a value into the blank space below, and click Submit. $ 52 Now you can determine TG Taters' current economic profit per hour. The profit-maximizing output is 10 tons per hour, the profit-maximizing price is $52 per ton, and TG Taters' average total cost is $12, so what is TG Taters' current economic profit per hour? Type a value into the blank space below, and click Submit. The economic profit is $ per hour.