Question

The Ark club spent $45 on supplies for Valentine's Day to sell during lunch 60 what's selling price for Valentine's would result in a profit of 0 if all of all times are sold ​ A. $45. B. $0

Answer 1

To determine the profit-maximizing quantity of output, analyze total revenue, marginal revenue, total cost, and marginal cost for each output level and compare marginal revenue to marginal cost.

Step-by-step explanation:

The question provided is about the profit-maximizing quantity of output for a business. To determine the profit-maximizing quantity, we need to analyze the total revenue, marginal revenue, total cost, and marginal cost for each output level. In this case, we are given the selling price and the fixed and variable costs for various output levels.

Based on the information provided, we can calculate the total revenue, marginal revenue, total cost, and marginal cost for each output level. From those calculations, we can determine the profit-maximizing quantity by comparing the marginal revenue and marginal cost figures. The profit-maximizing quantity is the output level at which marginal revenue equals marginal cost.