Profit maximization: A Numerical Example Price Quantity Total Revenue Total Cost Profit Marginal Revenue Marginal Cost P (TREPXQ) RTC)NMR:ATR/Q)MC△TC△Q s0.00 s3.00 -S300 s600 S600 s5.00 1.00 s600 200 s600 1200 s800 4.00 s600 S300 s600 3 1800 1200 s600 s600 94.0 s600 92400 17.00 S700 s600 S500 s605 s3000 92300 s7.00 s600 S6.00 s600 s36.00 s30050 s60s70 s60 7 s4200 s380094.06100 s800 s600 8 4800470010 S600590Profit Maximization: A Numerical Example Price (P) Quantity (Q) Total Revenue (TR=PxQ) Total Cost (TC) Profit (TR-TC) Marginal Revenue (MR= ) Marginal Cost MC= 0 $0.00 $3.00 -$3.00 $6.00 1 $6.00 $5.00 $1.00 $6.00 $2.00 $6.00 2 $12.00 $8.00 $4.00 $6.00 $3.00 $6.00 3 $18.00 $12.00 $6.00 $6.00 $4.00 $6.00 4 $24.00 $17.00 $7.00 $6.00 $5.00 $6.00 5 $30.00 $23.00 $7.00 $6.00 $6.00 $6.00 6 $36.00 $30.00 $6.00 $6.00 $7.00 $6.00 7 $42.00 $38.00 $4.00 $6.00 $8.00 $6.00 8 $48.00 $47.00 $1.00 $6.00 $9.00 DT R/ DQ D T C / D Q