Suppose that a firm in a competitive market faces the following revenues and costs:
Quantity
(Units)
Total Revenue
(Dollars)
Total Cost
(Dollars)
0 0 3
1 6 5
2 12 8
3 18 12
4 24 17
5 30 23
6 36 30
7 42 38
Refer to Table 14-6. The firm should not produce an output level beyond
