TC.
TR
B
50
COST/REVENUE
A
с
20
5
QUANTITY
2
(1)
2.2.1 How is profit calculated?
2.2.2 Which profit does the firm earn at point B?
(1)
(2)
2.2.3 Why is the TR curve starting at zero?
(2)
2.2.4
When is profit maximised in the graph above?
(4)
2.2.5 What are the implications of producing beyond point B?​