Output AFC AVC ATC MC 1 300 100 400 100 2 150 75 225 50 3 100 70 170 60 4 75 73 148 80 5 60 80 140 110 6 50 90 140 140 7 43 103 146 180 8 38 119 156 230 9 33 138 171 290 10 30 160 190 360 Refer to the chart above. If the market price is $179, the per-unit economic profit at the profit maximizing output is what?
Output AFC AVC ATC MC 1 300 100 400 100 2 150 75 225 50 3 100 70 170 60 4 75 73 148 80 5 60 80 140 110 6 50 90 140 140 7 43 103 146 180 8 38 119 156 230 9 33 138 171 290 10 30 160 190 360 Refer to the chart above. If the market price is $179, the per-unit economic profit at the profit maximizing output is what?
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter3: Demand Analysis
Section: Chapter Questions
Problem 1.4CE
Related questions
Question
Output |
AFC |
|
|
MC |
1 |
300 |
100 |
400 |
100 |
2 |
150 |
75 |
225 |
50 |
3 |
100 |
70 |
170 |
60 |
4 |
75 |
73 |
148 |
80 |
5 |
60 |
80 |
140 |
110 |
6 |
50 |
90 |
140 |
140 |
7 |
43 |
103 |
146 |
180 |
8 |
38 |
119 |
156 |
230 |
9 |
33 |
138 |
171 |
290 |
10 |
30 |
160 |
190 |
360 |
Refer to the chart above. If the market price is $179, the per-unit economic profit at the profit maximizing output is what?
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- 15
- 23
- 33
- 39
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