
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Transcribed Image Text:2. (a) What is the profit-maximizing level of output and how much daily profit will
the producer below earn if the price of pizza is $ 2.50 per slice?
17
MC
S/slice
ATC
/AVC
2.50
1.40
slices/day
570
2 (b) What is the profit-maximizing level of output and how much daily profit will
the producer below earn if the price of pizza is $ 0.80 per slice?
MC
S/slice
ATC
JAVC
1.03
0.80
slices/day
360
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