Based on the table below, what is the profit maximizing level of output for this firm in the short run? p q tc 10.00 16 100.00 10.00 17 105.00 10.00 18 112.00 10.00 19 121.00 10.00 20 132.00 10.00 21 145.00 p = price $10 q = quantity 16 to 21 tc = total cost $100 to $145 explain, i have several other problems like this and i want to learn the steps on how to do this! you in advance!

Let's find the profit for each case:

1. Price= $ 10, Quantity= 16, Total Cost: $ 100

Revenue= Price x Quantity = 10 x 16 = $ 160

Profit = Revenue - Total Cost = 160 - 100 = $ 60

2. Price= $ 10, Quantity= 17, Total Cost: $ 105

Revenue= Price x Quantity = 10 x 17 = $ 170

Profit = Revenue - Total Cost = 170 - 105 = $ 65

3. Price= $ 10, Quantity= 18, Total Cost: $ 112

Revenue= Price x Quantity = 10 x 18 = $ 180

Profit = Revenue - Total Cost = 180 - 112 = $ 68

4. Price= $ 10, Quantity= 19, Total Cost: $ 121

Revenue= Price x Quantity = 10 x 19 = $ 190

Profit = Revenue - Total Cost = 190 - 121 = $ 69

5. Price= $ 10, Quantity= 20, Total Cost: $ 132

Revenue= Price x Quantity = 10 x 20 = $ 200

Profit = Revenue - Total Cost = 200 - 132 = $ 68

6. Price= $ 10, Quantity= 21, Total Cost: $ 145

Revenue= Price x Quantity = 10 x 21 = $ 210

Profit = Revenue - Total Cost = 210 - 145 = $ 65

The profit is maximized when the price is $ 10, quantity is 19 and the total cost is $ 121.

Definitions:

1. Price is the amount of money that allows the acquisition or use of a good or service.

2. Total cost is the economic cost that represents the manufacture of a product or the provision of a service.

3. Income is the total amount of money earned or collected.

4. Profit is the amount of money that is earned, after subtracting the total costs.

question 1: the kuwaiti government announced us$1.5 million in aid for rohingya refugees.they pointed out that it was imperative to take immediate and concrete steps to ramp up pressure on myanmar to put an end to the violence.and said   that they r just shameful

question 2: the rohingyas were not aloud to be seen as people in myanmar.in the last few years, before the latest crisis, thousands of rohingya were making perilous journeys out of myanmar to escape communal violence or alleged abuses by the security forces.the latest exodus began on 25 august 2017 after rohingya arsa militants launched deadly attacks on more than 30 police posts.rohingyas arriving in an area known as cox's bazaar - a district in bangladesh - say they fled after troops, backed by local buddhist mobs, responded by burning their villages and attacking and killing civilians.