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SMC 60 MR 50- ATC 42 50 40- 37 AVC 30 - 20 17 50 10 000 2000 3,000 4.000 Quantity units to i. If price is $60 per unit of output. The manager should produce maximize profit ii. Find the average total cost (ATC) $ output level, your answer, in part i), total cost is $ for this output (refer to Price and cost (dollars)

SMC 60 MR 50- ATC 42 50 40- 37 AVC 30 - 20 17 50 10 000 2000 3,000 4.000 Quantity units to i. If price is $60 per unit of output. The manager should produce maximize profit ii. Find the average total cost (ATC) $ output level, your answer, in part i), total cost is $ for this output (refer to Price and cost (dollars)

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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SMC 60 MR 50- ATC 42 50 40- 37 AVÇ 20 17 50 10- 000 2.000 3,000 4.000 Quantity i. If price is $60 per unit of output. The manager should produce maximize profit units to ii. Find the average total cost (ATC) $ output level, your answer, in part i), total cost is $ iii. The firm makes a profit of $ for this output (refer to Price and cost (dolars)
Transcribed Image Text:SMC 60 MR 50- ATC 42 50 40- 37 AVÇ 20 17 50 10- 000 2.000 3,000 4.000 Quantity i. If price is $60 per unit of output. The manager should produce maximize profit units to ii. Find the average total cost (ATC) $ output level, your answer, in part i), total cost is $ iii. The firm makes a profit of $ for this output (refer to Price and cost (dolars)
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