Based on the table below, what is the maximum amount of profit this firm could earn? $$\begin{array} { c c c }
\mathrm { Q } & \mathrm { P } & \mathrm { TC } \
\hline 98 & \$ 51.25 & \$ 1,000 \
99 & \$ 51.00 & \$ 1,025 \
100 & \$ 50.75 & \$ 1,075 \
101 & \$ 50.50 & \$ 1.175 \
102 & \$ 50.25 & \$ 1,350
\end{array}$$
A)$1,000
B)$1,350
C)$5,049.00
D)$5,125.50
E)none of the above

Question

Based on the table below, what is the maximum amount of profit this firm could earn? $$\begin{array} { c c c } 
\mathrm { Q } & \mathrm { P } & \mathrm { TC } \
\hline 98 & \$ 51.25 & \$ 1,000 \
99 & \$ 51.00 & \$ 1,025 \
100 & \$ 50.75 & \$ 1,075 \
101 & \$ 50.50 & \$ 1.175 \
102 & \$ 50.25 & \$ 1,350
\end{array}$$
A)$1,000
B)$1,350
C)$5,049.00
D)$5,125.50
E)none of the above

Quizplus · Accepted Answer

To find the maximum profit, calculate profit for each quantity (Q) by subtracting total cost (TC) from total revenue (TR), where TR = P * Q. The maximum profit is not listed among the choices.

Based on the Table Below, What Is the Maximum Amount