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Assume that the following data is for a profit-maximizing manufacturer: $ Total Cost 100 |Quantity lo 1 140 2 160 3 190 240 300 14 5 16 370 17 450 550 Refer to the above information to answer this question. If the total fixed costs were to increase by $50 and the price is $75 per unit, what are the profit 18 mayimizing outnut and the level of profits?

Assume that the following data is for a profit-maximizing manufacturer: $ Total Cost 100 |Quantity lo 1 140 2 160 3 190 240 300 14 5 16 370 17 450 550 Refer to the above information to answer this question. If the total fixed costs were to increase by $50 and the price is $75 per unit, what are the profit 18 mayimizing outnut and the level of profits?

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Assume that the following data is for a profit-maximizing manufacturer: Quantity $ Total Cost 100 1 140 2 160 3 190 4 240 5 300 6 370 7 450 8 Refer to the above information to answer this question. If the total fixed costs were to increase by $50 and the price is $75 per unit, what are the profit 550 maximizing output and the level of profits? Select one: O a. 5 and $30. O b. The firm will shut down. O c. 5 and $25. O d. 6 and $30. O e. 8 and $20.
Transcribed Image Text:Assume that the following data is for a profit-maximizing manufacturer: Quantity $ Total Cost 100 1 140 2 160 3 190 4 240 5 300 6 370 7 450 8 Refer to the above information to answer this question. If the total fixed costs were to increase by $50 and the price is $75 per unit, what are the profit 550 maximizing output and the level of profits? Select one: O a. 5 and $30. O b. The firm will shut down. O c. 5 and $25. O d. 6 and $30. O e. 8 and $20.
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