Baker Street's Costs and Revenues Quantity (apple pies) MR AR TC (dollars) MC (dollars) (dollars) 15 $155.00 $9.00 $ (dollars) $ 20 197.50 8.50 25 242.50 9.00 30 292.50 10.00 35 352.50 12.00 40 422.50 14.00 Instructions: Enter your answers as a whole number. b. At the market price of $12.00 per apple pie, how many apple pies should Baker Street make? apple pies c. If the market price for apple pies were to rise to $14.00 per apple pie, how many apple pies should Baker Street make? apple pies
Baker Street's Costs and Revenues Quantity (apple pies) MR AR TC (dollars) MC (dollars) (dollars) 15 $155.00 $9.00 $ (dollars) $ 20 197.50 8.50 25 242.50 9.00 30 292.50 10.00 35 352.50 12.00 40 422.50 14.00 Instructions: Enter your answers as a whole number. b. At the market price of $12.00 per apple pie, how many apple pies should Baker Street make? apple pies c. If the market price for apple pies were to rise to $14.00 per apple pie, how many apple pies should Baker Street make? apple pies
Chapter12: Firms In Perfectly Competitive Markets
Section: Chapter Questions
Problem 9P
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