Use the following to answer questions: Table: Profit Maximization 1
-(Table: Profit Maximization) The table represents the total revenues and total costs of a local sub shop. Based on the table, how many subs should the store produce to maximize profits?
A) 1
B) 2
C) 3
D) 4

Question

Use the following to answer questions: Table: Profit Maximization 1 
-(Table: Profit Maximization) The table represents the total revenues and total costs of a local sub shop. Based on the table, how many subs should the store produce to maximize profits?
A) 1 
B) 2 
C) 3 
D) 4

Quizplus · Accepted Answer

The store should produce 3 subs to maximize profits. This is because the total revenue at 3 subs is $15, and the total cost is $9. The profit is $6, which is the highest profit that can be achieved.

Use the Following to Answer Questions: Table: Profit Maximization 1