Consider that your profit-maximizing quantity of 300 can be produced at an average cost per unit of $11 and sold for a market price of $18. What is your profit per unit? $ What is your total profit? S

Consider that your profit-maximizing quantity of 300 can be produced at an average cost per unit of $11 and sold for a market price of $18. What is your profit per unit? $ What is your total profit? S

Microeconomics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506893

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter11: Price-searcher Markets With High Entry Barriers

Section: Chapter Questions

Problem 14CQ

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Consider that your profit-maximizing quantity of 300 can be produced at an average cost per unit of $11 and sold for a market price of
$18.
What is your profit per unit? $
What is your total profit? S

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