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The table below shows the cost and revenue information for a firm. What is the o...
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The table below shows the cost and revenue information for a firm.
What is the optimal quantity for the firm?
| Q | TR | MR | TC | MC |
| 0 | 0 | 0 | ||
| 1 | 157 | 157 | 13 | 13 |
| 2 | 314 | 157 | 50 | 37 |
| 3 | 471 | 157 | 111 | 61 |
| 4 | 628 | 157 | 196 | 85 |
| 5 | 785 | 157 | 305 | 109 |
| 6 | 942 | 157 | 438 | 133 |
| 7 | 1099 | 157 | 595 | 157 |
| 8 | 1256 | 157 | 776 | 181 |
| 9 | 1413 | 157 | 981 | 205 |
| 10 | 1570 | 157 | 1210 | 229 |
| 11 | 1727 | 157 | 1463 | 253 |
| 12 | 1884 | 157 | 1740 | 277 |
| 13 | 2041 | 157 | 2041 | 301 |
| 14 | 2198 | 157 | 2366 | 325 |
| 15 | 2355 | 157 | 2715 | 349 |
| 16 | 2512 | 157 | 3088 | 373 |