In the link below, how do I graphically show the profit-maximization point? http://postimage.org/image/7fniecd7h/
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pohnpei397
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There are two different ways to determine the profit maximizing level of output.
One way is the total revenue minus total costs method. To show this graphically, you need to subtract total costs from total revenues for each of the nine levels of output given. This figure is already provided for you for output = 0 and output = 100. Then make a graph where the vertical axis is the amount of...
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