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Naddik [55]
1 year ago
15

Consider a town in which only two residents, Brian and Crystal, own wells that produce water safe for drinking. Brian and Crysta

l can pump and sell as much water as they want at no cost. For them, total revenue equals profit. The following table shows the town's demand schedule for water.
SAT
1 answer:
rusak2 [61]1 year ago
4 0

Based on the quantity demanded and total revenue to Brian and Crystal, the profit-maximizing price is <u>$1.80 per gallon</u>. The total output is<u> 210 gallons </u>and Brian and Crystal's profits are<u> $189 each</u>.

<h3>What does the table on the demand schedule show?</h3>

The profit-maximizing price is the price at which the highest revenue was acquired which is $1.80.

The total output at this price is 210 gallons.

The profit going to Bryan and Crystal is half each which is:

= 378 / 2

= $189

Find out more on profit-maximizing quantities at brainly.com/question/26030195.

#SPJ1

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