Final answer:
The student's question about the total productivity of Live Trap Corporation's rodent cage production unit would generally be addressed by calculating outputs in relation to inputs, but specific data is missing. Instead, an example using the AAA Aquarium Co. is provided to demonstrate how to calculate total revenue, cost, and determine profit-maximizing output levels.
Step-by-step explanation:
To calculate the total productivity by units sold and by dollars of sales, we need to determine the output in both units and dollar terms relative to input resources. However, it appears that some specific data such as output units and sales dollars are missing from the provided information. We can use the sample problem regarding the AAA Aquarium Co. to illustrate the concept. For the AAA Aquarium Co., we organize the data into a table and calculate the total revenue, marginal revenue, total cost, marginal cost, and thereby determine the profit-maximizing quantity of output.
Profit is calculated as total revenue minus total cost. Marginal revenue and marginal cost help us determine where profit is maximized, which is the point at which marginal cost equals marginal revenue. We then graph the total revenue and total cost curves on one diagram and the marginal revenue and marginal cost curves on another to visually identify the profit-maximizing output level.