Pat's Pizza Kitchen is a price taker. The table shows Pat's total cost. Calculate Pat's profit-maximizing output and economic profit. >>> If an answer is negative, include a minus sign. If an answer is positive, do not include a plus sign. When the market price is $14 a pizza, Pat's profit-maximizing output is pizzas an hour and her economic profit is dollars an hour. When the market price is $12 a pizza, Pat's profit-maximizing output is pizzas an hour and her economic profit is dollars an hour. When the market price is $10 a pizza, Pat's profit-maximizing output is pizzas an hour and her economic profit is dollars an hour. Output (pizzas per hour) 2346- Total cost (dollars per hou 10 21 30 41 54 69
Pat's Pizza Kitchen is a price taker. The table shows Pat's total cost. Calculate Pat's profit-maximizing output and economic profit. >>> If an answer is negative, include a minus sign. If an answer is positive, do not include a plus sign. When the market price is $14 a pizza, Pat's profit-maximizing output is pizzas an hour and her economic profit is dollars an hour. When the market price is $12 a pizza, Pat's profit-maximizing output is pizzas an hour and her economic profit is dollars an hour. When the market price is $10 a pizza, Pat's profit-maximizing output is pizzas an hour and her economic profit is dollars an hour. Output (pizzas per hour) 2346- Total cost (dollars per hou 10 21 30 41 54 69
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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