Bill s Birdhouses COSTS Quantity Total Produced Cost 0 1 2 3 4 5 6...

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Bill s Birdhouses COSTS Quantity Total Produced Cost 0 1 2 3 4 5 6 7 8 3 07 SO 6 50 102 157 217 285 365 462 582 Marginal Cost REVENUES Quantity Demanded 0 1 3 4 5 6 7 8 Price 80 80 80 80 80 80 80 Refer to Table 14 12 At what quantity does Bill maximize profits 80 80 Total Revenue Marginal Revenue

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