https://clickassignment.com/wp-content/uploads/2020/02/logo-CA-300x75.png 0 0 admin https://clickassignment.com/wp-content/uploads/2020/02/logo-CA-300x75.png admin2022-08-18 16:04:442022-08-18 16:04:53find profit-maximizing profits from the graph, economics homework help
find profit-maximizing profits from the graph, economics homework help
If the price is $6 then profit-maximizing profits for this firm are:
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I believe I need more information in order to find profit-maximizing profits from the graph.
I know that Profit Maximization is Marginal Cost = Marginal Revenue, but I feel like that would be too easy of an answer.
Part of me wants to just assume that $6 (price) times 60 (quantity) = $360 would be the correct answer, but please correct me if I am on the wrong track.
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