Assume perfect competition. P is in $, and Q is the number of units. w= 20, z= 29 and y = 50. Given a price of $18, the profit-maximizing level of output (Q) for this firm is? The result should be an integer number, no decimals. P 18 12 10 12.... 5 W MC Z Y ATC AVC Q

Assume perfect competition. P is in $, and Q is the number of units. w= 20, z= 29 and y = 50. Given a price of $18, the profit-maximizing level of output (Q) for this firm is? The result should be an integer number, no decimals. P 18 12 10 12.... 5 W MC Z Y ATC AVC Q

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter7: Perefect Competition

Section: Chapter Questions

Problem 4SQ

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Question

Assume perfect competition. P is in $, and Q is the number of units. w= 20, z= 29 and y = 50. Given a price of $18, the profit-maximizing level
of output (Q) for this firm is? The result should be an integer number, no decimals.
P
18
12 10
W
MC
N
ATC
AVC
Q

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