Help plz SThe table shows some of the costs of production for Frank's Firewood. Thefirewood market is a perfectly competitive market.sume%At a market price of $75.00 a bundle, Frank's produces7.5 bundles of firewood.>>> Answer to 1 decimal place.In the short run, Frank's maximizes its profit andmakes an economic profit of $235 a day.>>> Answer with a positive number.Get more help -▷ll FSDIIF5-‒‒*A6CYwwwF6&7F7PrtScnF8*8HomeF9(9JIOEndF100Totalproduct(bundlesper day)12345678PgUpAverage Average Averagefixed variabletotal MarginalcostcostcostcostP84.0042.0028.0021.0016.8014.0012.0010.50F11Clear all0(dollars per bundle)43.00127.0036.0031.0028.0027.2028.0031.0036.50PgDnF1278.0059.0049.0044.0042.0043.0047.00+************www.********G29.0021.0019.0024.0032.0049.00Check answer75.00P4D8:43 PM7/31/2022InsDelBacksp

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S The table shows some of the costs of production for Frank's Firewood. The firewood market is a perfectly competitive market. At a market price of $75.00 a bundle, Frank's produces 7.5 bundles of firewood. >>> Answer to 1 decimal place. www In the short run, Frank's maximizes its profit and makes an economic profit of $235 a day. >>> Answer with a positive number. sume Get more help - Total product (bundles per day) 1 2 8 3 4 Average Average Average fixed variable total cost cost cost 84.00 42.00 28.00 21.00 16.80 14.00 12.00 10.50 Clear all (dollars per bundle) 43.00 127.00 36.00 31.00 28.00 27.20 28.00 31.00 36.50 78.00 59.00 49.00 44.00 42.00 43.00 47.00 **** **** **** **** **** **** **** Marginal cost 29.00 21.00 19.00 24.00 32.00 49.00 75.00 Check answer

S The table shows some of the costs of production for Frank's Firewood. The firewood market is a perfectly competitive market. At a market price of $75.00 a bundle, Frank's produces 7.5 bundles of firewood. >>> Answer to 1 decimal place. www In the short run, Frank's maximizes its profit and makes an economic profit of $235 a day. >>> Answer with a positive number. sume Get more help - Total product (bundles per day) 1 2 8 3 4 Average Average Average fixed variable total cost cost cost 84.00 42.00 28.00 21.00 16.80 14.00 12.00 10.50 Clear all (dollars per bundle) 43.00 127.00 36.00 31.00 28.00 27.20 28.00 31.00 36.50 78.00 59.00 49.00 44.00 42.00 43.00 47.00 Marginal cost 29.00 21.00 19.00 24.00 32.00 49.00 75.00 Check answer

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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