. $ per ton 10 8 6.50 6 140 O $840, P=$6.00 284 Calculate profit at the minimum efficiency scale, W O $426,000, P=$8.00 zero, P= $6.00 $53,000, P= $6.50
. $ per ton 10 8 6.50 6 140 O $840, P=$6.00 284 Calculate profit at the minimum efficiency scale, W O $426,000, P=$8.00 zero, P= $6.00 $53,000, P= $6.50
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
Chapter17: Long-term Investment Analysis
Section: Chapter Questions
Problem 3.4CE
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Question

Transcribed Image Text:. $ per ton
10
8
6.50
0
140
zero, P= $6.00
$53,000, P= $6.50
$840, P=$6.00
284
MC₁
Calculate profit at the minimum efficiency scale, Which price corresponds to this?
$426,000, P=$8.00
AC
Thousand metric tons of lime per year
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