11 - California State University, Northridge

Since we already know the profit-maximizing quantity is about 2 we just look at the average total cost value at the quantity of 2 in the table which is $4. Now that we have all of these values we just need to plug it into the total profit equation (P –ATC) x Q which equals a total profit of $2 ((5-4) x 2). ................
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