1. Complete the following table and identify the quantity that maximizes profit. Quantity TR MR TC MC 0 0 - 5 - 1 10 2 2 20 15 3 30 10 4 10 37
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1. Complete the following table and identify the quantity that maximizes
profit.
Quantity | TR | MR | TC | MC |
0 | 0 | - | 5 | - |
1 | 10 | 2 | ||
2 | 20 | 15 | ||
3 | 30 | 10 | ||
4 | 10 | 37 |
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