Module 4 Chp 23. Problem 3

# Module 4 Chp 23. Problem 3 - \$2,800.00 3 \$1,600.00...

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Create a graph to show the maximum profit. Label the profit-maximizing quantity and price, total cost, total revenue, and profit. Total Output Price Total Revenue Cost 0 \$1,900.00 \$- \$1,000.00 1 \$1,700.00 \$1,700.00 \$2,000.00 2 \$1,650.00 \$3,300.00

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Unformatted text preview: \$2,800.00 3 \$1,600.00 \$4,800.00 \$3,500.00 4 \$1,550.00 \$6,200.00 \$4,000.00 5 \$1,500.00 \$7,500.00 \$4,500.00 6 \$1,450.00 \$8,700.00 \$5,200.00 7 \$1,400.00 \$9,800.00 \$6,000.00 8 \$1,350.00 \$10,800.00 \$7,000.00 9 \$1,300.00 \$11,700.00 \$9,000.00...
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## This note was uploaded on 08/04/2011 for the course ECN 601 taught by Professor Professor during the Spring '10 term at Grand Canyon.

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Module 4 Chp 23. Problem 3 - \$2,800.00 3 \$1,600.00...

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