Donald is a producer in the perfectly competitive market for cronuts - a pastry that is half croissant, half donut. TTT Quantity Total Fixed Cost Total Variable Cost (cronuts) TFC ($) TVC ($) 125 5 125 10 10 125 18 15 125 32 20 125 52 25 125 82 If Donald's profit-maximising quantity is 20 cronuts, what is the market price per cronut at that quantity? Answer to the nearest whole number (with no decimal places or $ sign).
Donald is a producer in the perfectly competitive market for cronuts - a pastry that is half croissant, half donut. TTT Quantity Total Fixed Cost Total Variable Cost (cronuts) TFC ($) TVC ($) 125 5 125 10 10 125 18 15 125 32 20 125 52 25 125 82 If Donald's profit-maximising quantity is 20 cronuts, what is the market price per cronut at that quantity? Answer to the nearest whole number (with no decimal places or $ sign).
Chapter1: Making Economics Decisions
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![Donald is a producer in the perfectly competitive market for cronuts - a pastry that is half croissant, half donut.
Total Fixed Cost
Total Variable Cost
Quantity
(cronuts)
TFC ($)
TVC ($)
125
5
125
10
10
125
18
15
125
32
20
125
52
25
125
82
If Donald's profit-maximising quantity is 20 cronuts, what is the market price per cronut at that quantity? Answer to the
nearest whole number (with no decimal places or $ sign).](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd8b0a47d-b8e9-4b65-8156-91ac38bb3852%2F889bd96a-a653-4cd9-bbf0-9f56a73fd0f7%2Ffwqhled_processed.png&w=3840&q=75)
Transcribed Image Text:Donald is a producer in the perfectly competitive market for cronuts - a pastry that is half croissant, half donut.
Total Fixed Cost
Total Variable Cost
Quantity
(cronuts)
TFC ($)
TVC ($)
125
5
125
10
10
125
18
15
125
32
20
125
52
25
125
82
If Donald's profit-maximising quantity is 20 cronuts, what is the market price per cronut at that quantity? Answer to the
nearest whole number (with no decimal places or $ sign).
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