Answer:
Step-by-step explanation:
The marginal cost curve is the same basic shape, no matter the product, because it represents the cost of producing one additional unit of a product. In general, the marginal cost of producing additional units of a product tends to increase as the quantity produced increases. This is because as a business produces more of a product, it may need to hire additional workers, use more raw materials, or incur other additional costs.
At the profit-maximizing quantity, the price of a product is generally higher than the marginal cost. This is because, at the profit-maximizing quantity, the business is able to sell each unit of the product for a price that is higher than the cost of producing it. This allows the business to earn a profit on each unit sold.
Without more information, it is not possible to determine the total revenue for a product with a profit-maximizing quantity of 100 units. Total revenue is calculated by multiplying the price of the product by the quantity sold. To find the total revenue, you would need to know the price of the product as well as the quantity sold.
An already-successful business owner might conduct a marginal cost analysis for their product in order to determine the most profitable price for their product and to make decisions about how much of the product to produce. By analyzing the marginal cost of producing additional units of the product, the business owner can determine the optimal price and quantity to maximize profits. A marginal cost analysis can also help a business owner to identify opportunities to reduce costs and increase profits.