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Complete the Following Table and Determine the Point of Profit

Question 106

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Complete the following table and determine the point of profit maximization.
 Total  Marginal Total  Marginal Quantity  Revenue Revenue  Cost  Cost  Profit 100500200101504.95204.50102509.85209.10103514.70213.80104519.50218.60105524.25223.50106528.95228.50107533.60233.60108538.20238.80109542.75244.10110547.25249.50\begin{array}{llll}&\underline {\text { Total }} & \underline {\text { Marginal} } & \underline {\text { Total }} & \underline {\text { Marginal} } \\\underline {\text { Quantity }}&\underline {\text { Revenue} } & \underline {\text { Revenue }} &\underline {\text { Cost }} &\underline { \text { Cost }}& \underline { \text { Profit } } \\100 & 500 &\underline { \quad\quad\quad\quad} & {200}&\underline { \quad\quad\quad\quad}& \underline { \quad\quad\quad\quad} \\101 & 504.95 &\underline { \quad\quad\quad\quad} & 204.50&\underline { \quad\quad\quad\quad}& \underline { \quad\quad\quad\quad} \\102 & 509.85 & \underline { \quad\quad\quad\quad} & 209.10&\underline { \quad\quad\quad\quad}& \underline { \quad\quad\quad\quad} \\103 & 514.70 &\underline { \quad\quad\quad\quad} & 213.80&\underline { \quad\quad\quad\quad}& \underline { \quad\quad\quad\quad} \\104 & 519.50 &\underline { \quad\quad\quad\quad} & 218.60&\underline { \quad\quad\quad\quad}& \underline { \quad\quad\quad\quad} \\105 & 524.25 & \underline { \quad\quad\quad\quad} & 223.50&\underline { \quad\quad\quad\quad}& \underline { \quad\quad\quad\quad} \\106 & 528.95 & \underline { \quad\quad\quad\quad} & 228.50&\underline { \quad\quad\quad\quad}& \underline { \quad\quad\quad\quad} \\107 & 533.60 & \underline { \quad\quad\quad\quad} & 233.60 &\underline { \quad\quad\quad\quad}& \underline { \quad\quad\quad\quad} \\108 & 538.20 & \underline { \quad\quad\quad\quad} & 238.80&\underline { \quad\quad\quad\quad}& \underline { \quad\quad\quad\quad} \\109 & 542.75 & \underline { \quad\quad\quad\quad} & 244.10&\underline { \quad\quad\quad\quad}& \underline { \quad\quad\quad\quad} \\110 & 547.25 & \underline { \quad\quad\quad\quad} & 249.50&\underline { \quad\quad\quad\quad}& \underline { \quad\quad\quad\quad} \end{array}

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The profit-maximizing output is Q = 104....

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