Marginal profit total profit 0 0 1 8 8 160 2 20 12

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Marginal ProfitTotal Profit0 0----------------------01 88$160$$2 2012$240$$3 288$160$$4 357$140$$5 416$120$$6 454$80$$Table for Individual Question FeedbackPoints Earned:6.0/6.030301101403017010180-10170-50120
12.Use Scenario C/Table C to answer the questions 12 – 14 below.(3 points) The profit maximizing output is .Table for Individual Question FeedbackPoints Earned:3.0/3.0
13.(3 points) The profit maximizing level of labor input is workers.Table for Individual Question FeedbackPoints Earned:3.0/3.0
14.(3 points) The maximum profit for this firm is .Table for Individual Question FeedbackPoints Earned:3.0/3.0
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15.(2 points) Using Scenario C/Table C, go to Graph 1. Label the profit maximizing Q and L combination as point C.Table for Individual Question FeedbackPoints Earned:2.0/2.0Correct Answer(s):

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