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
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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?

    1. 15
    2. 23
    3. 33
    4. 39
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