For the pizza seller whose marginal, average variable, and average total cost curves are shown in the accompanying diagram, what is the profit-maximizing level of output and how much profit will this producer earn if the price of pizza is $0.80 per slice? Instructions: In the graph below, label all three curves by double-clicking on the ??? to select the appropriate label. Then, indicate the profit-maximizing level of output and the Average Total Cost (ATC) at that output level. Price ($/slice) 2.5 1.39 1.15 685 80 .68 .50 200 260 360 Quantity (slice/day) reset 570 ד Q* ד ??? ATC ??? ??? Instruction: If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. At the profit-maximizing level of output, the producer's profit is: $ per day.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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For the pizza seller whose marginal, average variable, and average total cost curves are shown in the
accompanying diagram, what is the profit-maximizing level of output and how much profit will this producer
earn if the price of pizza is $0.80 per slice?
Instructions: In the graph below, label all three curves by double-clicking on the ??? to select the appropriate label. Then, indicate the
profit-maximizing level of output and the Average Total Cost (ATC) at that output level.
Price ($/slice)
2.5
1.39
1.15
685
80
.68
.50
200 260 360
Quantity (slice/day)
reset
570
ד
Q*
ד
???
ATC
???
???
Instruction: If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers.
At the profit-maximizing level of output, the producer's profit is: $
per day.
Transcribed Image Text:For the pizza seller whose marginal, average variable, and average total cost curves are shown in the accompanying diagram, what is the profit-maximizing level of output and how much profit will this producer earn if the price of pizza is $0.80 per slice? Instructions: In the graph below, label all three curves by double-clicking on the ??? to select the appropriate label. Then, indicate the profit-maximizing level of output and the Average Total Cost (ATC) at that output level. Price ($/slice) 2.5 1.39 1.15 685 80 .68 .50 200 260 360 Quantity (slice/day) reset 570 ד Q* ד ??? ATC ??? ??? Instruction: If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. At the profit-maximizing level of output, the producer's profit is: $ per day.
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