A steel manufocturer sells its product per ton with a price PS274-0.04(0). If the overhead cost is $145,000 per year, and the variable cost is S13 per ton, what is the profit if the firm sels L852 ton Oa S16,933.52 O&S14.60854 Oa S16.250.00 Oa SI5,975 84 S19.707.04

A steel manufocturer sells its product per ton with a price PS274-0.04(0). If the overhead cost is $145,000 per year, and the variable cost is S13 per ton, what is the profit if the firm sels L852 ton Oa S16,933.52 O&S14.60854 Oa S16.250.00 Oa SI5,975 84 S19.707.04

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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If the firm chooses a single, profit maximizing price, how manyunits will it sell?