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Given the Accompanying Table, What Is the Short-Run Profit-Maximizing Level

question 31

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Given the accompanying table, what is the short-run profit-maximizing level of output for the firm?  Output  Total Reverue  Total Cost 1$422833126416952014\begin{array} { | c | c | c| } \hline \text { Output } & \text { Total Reverue } & \text { Total Cost } \\\hline 1 & \$ 4 & 2 \\\hline 2 & 8 & 3 \\\hline 3 & 12 & 6 \\\hline 4 & 16 & 9 \\\hline 5 & 20 & 14 \\\hline\end{array}


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