MUF0061 Economics Unit 1 Semester 1, 2025 Quick Calculations How can a firm maximise profit? (5 10 minutes)

Assume the price of a product is $20, and the table below shows total costs for various levels of output. [table] Quantity | 0 | 1 | 2 | 3 | 4 | 5 | 6 Total Costs | $15 | $20 | $22 | $28 | $37 | $58 |...