A) What quantity will the firm decide to produce if the price is $14? B) How much profit will the firm earn if the price is $14? C) What quantity will the firm decide to produce if the price is $6.50? D) How much profit will the firm earn if the price is $6.50?

A) What quantity will the firm decide to produce if the price is $14? B) How much profit will the firm earn if the price is $14? C) What quantity will the firm decide to produce if the price is $6.50? D) How much profit will the firm earn if the price is $6.50?

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter5: Buying The Necessities

Section: Chapter Questions

Problem 20AA

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Question

please solve all the subparts coreectly.

last time wrong solution provide me, so again I repost this question

$
MC
32
ATC
AVC
22
19
14
12
8
6.5
100
140
175
Q (lbs)
A) What quantity will the firm decide to produce if the price is $14?
B) How much profit will the firm earn if the price is $14?
C) What quantity will the firm decide to produce if the price is $6.50?
D) How much profit will the firm earn if the price is $6.50?

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