$62

$62

$62

-

$28

$48

$64

$82

$104

$130

$162

$202

$262

$342

$0

$60

$120

$180

$240

$300

$360

$420

$480

$540

$600

−$62

−$30

$10

$54

$96

$134

$168

$196

$216

$216

$196

Access for free at openstax.org
4. Suppose that the market price increases to $6, as Table 8.14 shows. What would happen to the profit-

maximizing output level?

Quantity Total Cost Fixed Cost Variable Cost Marginal Cost Total Revenue Marginal Revenue

8 • Review Questions 211

0

10

20

30

40

50

60

70

80

90

$62

$90

$110

$126

$144

$166

$192

$224

$264

$324

100

$404

TABLE 8.14

$62

$62

$62

$62

$62

$62

$62

$62

$62

$62

$62

-

$28

$48

$64

$82

$104

$130

$162

$202

$262

$342

-

$2.80

$2.00

$1.60

$1.80

$2.20

$2.60

$3.20

$4.00

$6.00

$8.00

$0

$60

$120

$180

$240

$300

$360

$420

$480

$540

$600

-

$6.00

$6.00

$6.00

$6.00

$6.00

$6.00

$6.00

$6.00

$6.00

$6.00
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