Paulo's Ping Pong Balls is a firm that operates in a competitive market. The ping pong balls sell for $3 per package. Fill in the following table with the class's help and discuss the profit-maximizing level of output: Pric Outpu Total Profit Marginal Marginal Revenue Total Revenue Cost Cost e $3 $1.50 2.00 3.00 4.50 4 6.50 3 9.00 12.00 15.50 б 7 3 19.50 24.00 lo

Paulo's Ping Pong Balls is a firm that operates in a competitive market. The ping pong balls sell for $3 per package. Fill in the following table with the class's help and discuss the profit-maximizing level of output: Pric Outpu Total Profit Marginal Marginal Revenue Total Revenue Cost Cost e $3 $1.50 2.00 3.00 4.50 4 6.50 3 9.00 12.00 15.50 б 7 3 19.50 24.00 lo

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter9: Perfect Competition

Section9.2: Perfect Competition In The Short Run

Problem 3ST

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