(Table: Costs for Alina's Apple Pies) Use the table Costs for Alina's Apple Pies. If Alina's Apple Pies operates in a perfectly competitive market and the market price for a pie is $38, what profit (or loss) will this firm earn? Table: Costs for Alina's Apple Pies Fixed Quantity Variable Total Cost Marginal CostAverage Total Cost 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 S100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $2 $8 $18 $32 $50 $72 $98 $128 $162 $200 $100- $102 $108 $118 $132 $150 $172 $198 $228 $262 $300 $2 $6 $10 $14 $18 $22 $26 $30 $34 $38 $102.00 $54.00 $39.33 $33.00 $30.00 $28.67 $28.28 $28.50 $29.11 $30.00 O a profit of $200
(Table: Costs for Alina's Apple Pies) Use the table Costs for Alina's Apple Pies. If Alina's Apple Pies operates in a perfectly competitive market and the market price for a pie is $38, what profit (or loss) will this firm earn? Table: Costs for Alina's Apple Pies Fixed Quantity Variable Total Cost Marginal CostAverage Total Cost 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 S100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $2 $8 $18 $32 $50 $72 $98 $128 $162 $200 $100- $102 $108 $118 $132 $150 $172 $198 $228 $262 $300 $2 $6 $10 $14 $18 $22 $26 $30 $34 $38 $102.00 $54.00 $39.33 $33.00 $30.00 $28.67 $28.28 $28.50 $29.11 $30.00 O a profit of $200
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter8: Perfect Competition
Section: Chapter Questions
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(Table: Costs for Alina's Apple Pies) Use the table Costs for Alina's Apple Pies. If Alina's Apple Pies operates in a
a profit of $200
a loss of $30 T
a loss of $200
a profit of $80 This is what I think the answeris
Transcribed Image Text:(Table: Costs for Alina's Apple Pies) Use the table Costs for Alina's Apple
Pies. If Alina's Apple Pies operates in a perfectly competitive market and
the market price for a pie is $38, what profit (or loss) will this firm earn?
Table: Costs for Alina's Apple Pies
Fixed
Quantity
Variable
Total Cost
Marginal CostAverage Total
Cost
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
$100
S100
S100
$100
$100
$100
$100
$100
$100
$100
$100
S2
S8
$18
$32
$50
$72
S98
$128
$162
$200
S100-
S102
$108
$118
S132
$150
$172
$198
$228
$262
$300
$2
S6
S10
$14
$18
$22
S26
$30
$34
$38
S102.00
$54.00
$39.33
$33.00
$30.00
$28.67
$28.28
$28.50
$29 11
$30.00
O a profit of $200
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