Now summarize your results. Enter values for each of the following prices:19) Profit maximizing price.20) Socially best price.21) Price where profit is zero. 121314 80157016601718 5019402021222324252627282930313233302010$/Q0020000 40000Reset to baselineGo to answer sheet6000080000Questions 11-12PrintMCACDEMANDMR100000QMARKET DATAPrice (AR)MRAR-ACAR-MCOutputACMCFIRM COST DATAMR-MCMC-AC$6.55-$60.72-$2.55$0.00IncomeTax per unit79,882$9.10$6.55-$67.26-$2.55POLICY VARIABLES$55.000$0.00

For any producer in the market profit maximizing point is achieved where the marginal revenue from…

Answered: Now summarize your results. Enter…

Now summarize your results. Enter values for each of the following prices: 19) Profit maximizing price. 20) Socially best price. 21) Price where profit is zero.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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