The table gives the various levels of output (Q) and its corresponding total cost of production. (ITC) and total revenue (TR) for a firm. Which output level Q results in maximum profit?

fortuneehinomen

8 years ago

I think C is the answer because @ B, if we subtract the total cost of production and the total revenue, we get 4500 but @ C, if we subtract, we get 5800. If 5800 is higher than 4500, then C should be the answer.