- Ross Has The Following Data For His Business Price Per Item 200 200 200 200 200 200 Quantity 1 84 F 2 3 4 5 Total 1 (70.5 KiB) Viewed 9 times
Ross has the following data for his business. Price per item $200 $200 $200 $200 $200 $200 Quantity 1 84°F 2 3 4 5 Total
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Ross has the following data for his business. Price per item $200 $200 $200 $200 $200 $200 Quantity 1 84°F 2 3 4 5 Total
Ross has the following data for his business. Price per item $200 $200 $200 $200 $200 $200 Quantity 1 84°F 2 3 4 5 Total Revenue Total Cost $100 $250 $300 $500 $800 $1200 1. What is the profit maximizing output for his business? 2. How much profit does Ross make when he produces to maximize his profits? What type of market is this? Don't use abbreviations. 4. How do you know what type of market it is? Marginal Revenue Marginal Cost Profit