Question 15 If the price is $6 then profit-maximizing profits for this firm are: Supporting Materials D 10 20 30 need more information $300 $60 40 50 60 Quantity $360 MC ATC 70 80 d if the firms produces 70 units when price = $6, then economic profits would be: Supporting Materials D need more information 10 20 30 40 50 60 70 80 Quantity negative $0 ATC Opositive

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Question 15
If the price is $6 then profit-maximizing profits for this firm are:
Supporting Materials
INDA
10 20 30 40 50 60
Quantity
D
need more information.
$300
$60
$360
MC
ATC
70 80
d
if the firms produces 70 units when price = $6, then economic profits would be:
Supporting Materials
1
D
need more information
10 20 30 40 50 60 70
Quantity
Onegative
$0
MC
ATC
I.
O positive
80
Transcribed Image Text:Question 15 If the price is $6 then profit-maximizing profits for this firm are: Supporting Materials INDA 10 20 30 40 50 60 Quantity D need more information. $300 $60 $360 MC ATC 70 80 d if the firms produces 70 units when price = $6, then economic profits would be: Supporting Materials 1 D need more information 10 20 30 40 50 60 70 Quantity Onegative $0 MC ATC I. O positive 80
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