The below table shows the total revenues and total cost of running a pharmacy. The horizontal axis shows the quantity of medicines sold in in packs. The vertical axis shows both total revenue and total costs, measured in dollars. With the available information, assuming the pharmacy operates in a perfect competition graphically represent the data and also calculate the maximum profit comparing Total revenue and Total Cost Total Total Quantity Cost Revenue 52 10 100 50 20 120 90 30 136 130 40 148 170 50 160 210 60 175 250 70 200 290 80 240 330 90 306 370

The below table shows the total revenues and total cost of running a pharmacy. The horizontal axis shows the quantity of medicines sold in in packs. The vertical axis shows both total revenue and total costs, measured in dollars. With the available information, assuming the pharmacy operates in a perfect competition graphically represent the data and also calculate the maximum profit comparing Total revenue and Total Cost Total Total Quantity Cost Revenue 52 10 100 50 20 120 90 30 136 130 40 148 170 50 160 210 60 175 250 70 200 290 80 240 330 90 306 370

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

ChapterB: Differential Calculus Techniques In Management

Section: Chapter Questions

Problem 3E

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The below table shows the total revenues and total cost of running a pharmacy.

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