$12.5 3 $10.0 8.0 $7.5 $5.0 $2.5 $0.0 0 10 20 30 40 50 60 70 80 90 100110120130 Quantity O $10 When maximizing profit, the perfectly competitive firm depicted in the graph will earn per-unit profit approximately equal to: $7.5 MC ATC $2.5 $2.10 P-MR

$12.5 3 $10.0 8.0 $7.5 $5.0 $2.5 $0.0 0 10 20 30 40 50 60 70 80 90 100110120130 Quantity O $10 When maximizing profit, the perfectly competitive firm depicted in the graph will earn per-unit profit approximately equal to: $7.5 MC ATC $2.5 $2.10 P-MR

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

8$12.5
$10.0
8.0
$7.5
$5.0
$2.5
$0.0
0 10 20 30 40 50 60 70 80 90 100110120130
Quantity
$10
When maximizing profit, the perfectly competitive firm depicted in the graph will earn per-unit
profit approximately equal to:
$7.5
MC ATC
O $2.5
O $2.10
P-MR

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