Village Bagels is a bagel store in a monopolisticly competitive market. Village Bagels collected the data presented in the table below to determine the profit-maximizing quantity at which it should
produce and sell. What is Village Bagels' profit-maximizing quantity?
Total Marginal Total Marginal
Quantity Price
Revenue Revenue Cost Cost
10
$800 $80
20
30
$150 $1,500 $15
$120 $2,400 $90
$100 $3,000 $60
$80 $3,200 $20
$60 $3,000 - $20
$40 $2,400 -$60
$1,340 $54
$1,720 $34
$1,880 $20
$2,020 $14
40
50
60
$2180 $16