Question: Ally Gator. Inc is the sole producer of a unique toothache balm. The demand curve and the total cost schedule are shown below: Quantity

Ally Gator. Inc is the sole producer of a unique toothache balm.

Ally Gator. Inc is the sole producer of a unique toothache balm. The demand curve and the total cost schedule are shown below: Quantity Price (5) Quantity Total Cost(5) 0 0 1 2 3 4 5 6 7 $80 $72 $64 $56 $48 $40 $32 $24 $16 Calculate Ally Gator's profit maximizing level of output: 1 2 3 $80 $82 $88 $100 $124 5164 5208 $268 $340 4 5 6

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