Problem
The AAA Aquarium Co. sells aquariums for $20each. Fixed costs of production are $20. The totalvariable costs are $20 for one aquarium, $25 for twounits, $35 for the three units, $50 for four units, and$80 for five units. In the form of a table, calculate totalrevenue, marginal revenue, total cost, and marginal costfor each output level (one to five units). What is theprofit-maximizing quantity of output? On one diagram,sketch the total revenue and total cost curves. Onanother diagram, sketch the marginal revenue andmarginal cost curves
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.