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Use the Demand Schedule That Is Presented in the Table

Question 67

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Use the demand schedule that is presented in the table below to determine the optimal rate of production and price when the firm has a constant marginal cost of $10 per unit.
 Quantity 12345678910 Price 80604840342925201510\begin{array} { l r r r r r r r r r r } \text { Quantity } & 1 & 2 & 3 & 4 & 5 & 6 & 7 & 8 & 9 & 10 \\\text { Price } & 80 & 60 & 48 & 40 & 34 & 29 & 25 & 20 & 15 & 10\end{array}

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