Suppose a competitive firm has the following cost: output(units): 10 11 12 13 14 15 16 17 18 19 Total cost: $50 $52 $56 $62 $70 $80 $92 $106 $122 $140 4. How much profit will it then make at that lower price ($8)?

Suppose a competitive firm has the following cost: output(units): 10 11 12 13 14 15 16 17 18 19 Total cost: $50 $52 $56 $62 $70 $80 $92 $106 $122 $140 4. How much profit will it then make at that lower price ($8)?

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter23: Profit Maximization

Section: Chapter Questions

Problem 11E

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Question

Suppose a competitive firm has the following cost:

output(units): 10 11 12 13 14 15 16 17 18 19

Total cost: $50 $52 $56 $62 $70 $80 $92 $106 $122 $140

4. How much profit will it then make at that lower price ($8)?

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