(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? MC S/lice ATC AVe 2.50 1.40 slices/day S70

5. Discuss why the marginal cost curve (MC) has the following shape: 27 22.40 Costs 16 14 an 2 3 Quantity of outpat (s) MC ATC AVC The family cost eveven AFC

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Price (dollars per cup) $6.00 MC ATC 3.50 A 2.50 B Demand 0 1 2 3 4 5 6 7 8 9 10 Quantity MR (cups per week) According to the graph, if the firm is maximizing profits what is the dollar value of the profit?

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Assuming the blankets in this market are considered identical by consumers, how much profit will a perfect competitor earn?  Enter your answer as a whole number without a dollar sign.

The following table lists the production possibilities in a single day for a donut shop. A B C D E Muffins 100 200 300 400 500 If donuts are sold for $2.00 each and muffins for $5.50 each, what is the maximum daily revenue for the shop? $ Donuts 1,700 1,500 1,200 800 300

Table: Spring Water Quantity(Cases) Price TotalRevenue MarginalRevenue MarginalCost AverageTotalCost Total Cost 0 $16 $0       $25       $15 $10     1 $15 $15     35.00 $35       $13 $6     2 $14 $28     20.50 $41       $11 $4     3 $13 $39     15.00 $45       $9 $2     4 $12 $48     11.75 $47       $7 $3     5 $11 $55     10.00 $50       $5 $3     6 $10 $60     8.83 $53       $3 $5     7 $9 $63     8.29 $58       $1 $9     8 $8 $64     8.38 $67 Reference: Ref 15-12 Table: Spring Water Table: Spring Water. The table shows the demand and cost data for a firm in a monopolistically competitive industry producing drinking water from underground springs. The profit-maximizing output is _____ cases. Select one: a. 7 b. 5 c. 6 d. 8

Sweaters sell for $19 at the crafts fair. Allie knits sweaters and her marginal costs are given in the table below. Allie's marginal costs increase with each additional sweater. If Allie is behaving rationally, how many sweaters will she sel? Marginal Cost ($) Sweater 2nd Sweater 11 ard Sweater 15 th Sweater 21 sth Sweater 28 eth sweater 35 Allie will sell sweater(s).

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