Posted by **Emma** on Thursday, November 25, 2010 at 6:04am.

The marketing division of a firm has measured demand for its product and reports that it is Q = 24 – P, where Q is units and P is price per unit in dollars. The cost is given in the table below. Complete the table and determine the profit-maximizing level of output for this firm.

Output Total Cost Price per unit Revenue Profit

0 10

1 18

2 20

3 22

4 25

5 29

6 34

7 40

8 48

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