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Question
Table 13-4| Quantity Sold | Price | Total Revenue | Marginal Revenue | Total Cost | Marginal Cost | Profit |
| 0 | $10 | $0 | ----- | $2 | ----- | -$2 |
| 1 | 9 | 9 | 8 | |||
| 2 | 8 | 16 | 13 | |||
| 3 | 7 | 21 | 17 | |||
| 4 | 6 | 24 | 20 | |||
| 5 | 5 | 25 | 22 | |||
| 6 | 4 | 24 | 26 |
Refer to Table 13-4. At Victoria's profit-maximizing output
A) profit equals $2.
B) total revenue equals $24 and total cost equals $20.
C) total revenue equals $25 and total cost equals $22.
D) total revenue equals $21 and total cost equals $17.
Answer
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