TUC Total variable cost (rials) 60.000 61.000 Quantity of biryani plates sold per day 200 201 202 203 204 62.500 64.000 66.000 21 205 68.500 72.000 206 27. Amal's restaurant in Seeb specializes in making biryani only. The restaurant operates in a perfectly competitive market setting biryani at the market price of RO 3.500 per plate. Amal's restaurant has fixed costs of RO 30.000 per day and a daily variable cost schedule as indicated in the table above. The (profit maximizing level of output in number of biryani plates for Amal's restaurant is: a. 202 biryani plates per day. b. 204 biryani plates per day. 206 biryani plates per day. d. 205 biryani plates per day. 3.500 30

TUC Total variable cost (rials) 60.000 61.000 Quantity of biryani plates sold per day 200 201 202 203 204 62.500 64.000 66.000 21 205 68.500 72.000 206 27. Amal's restaurant in Seeb specializes in making biryani only. The restaurant operates in a perfectly competitive market setting biryani at the market price of RO 3.500 per plate. Amal's restaurant has fixed costs of RO 30.000 per day and a daily variable cost schedule as indicated in the table above. The (profit maximizing level of output in number of biryani plates for Amal's restaurant is: a. 202 biryani plates per day. b. 204 biryani plates per day. 206 biryani plates per day. d. 205 biryani plates per day. 3.500 30

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter11: The Firm: Production And Costs

Section: Chapter Questions

Problem 3P

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