1 Suppose that a conkie factory in u competitive market finces the follewing revenues and costs:QuantityTotal RevenueTotal CostsoS3%3D$7$14$9$21$15$28$23$35$33$42$4517$49s59At which level of production will the factory maximize profit?O 3 unitsO 4 unitsO 5 unitsO 6 unitsSuppose that a cookie factory in a competitive market faces the following revenues and costs:QuantityTotal RevenueTotal Cost50$33D57$5$1459$21S15$28$23$35$33$42$45$49$59If the factory produces the profit-maximizing level of production, how much profit will the firm cam?$6O $8O $10O $12

1st part answer: Figure attached below show the profits computed at each level of quantity by…

Suppose that a cookie factory in a competitive market fices the following revenues and costs: Quantity Total Revenue Total Cost ko 53 $7 $14 39 $21 $28 523 15 $35 S33 $42 $45 $49 s59 At which level of production will the factory maximize profir? O 3 units O 4 units O S units O 6 units Suppose that a cookie factory in a competitive market faces the following revenues and coste Quantity Total Revenue Total Cost $14 59 $21 $28 $23 $35 $33 $42 $45 549 $59 If the factory produces the profit-maximizing level of production, how much profit will the firm cam? O S6 $8 O $10 O $12

Suppose that a cookie factory in a competitive market fices the following revenues and costs: Quantity Total Revenue Total Cost ko 53 $7 $14 39 $21 $28 523 15 $35 S33 $42 $45 $49 s59 At which level of production will the factory maximize profir? O 3 units O 4 units O S units O 6 units Suppose that a cookie factory in a competitive market faces the following revenues and coste Quantity Total Revenue Total Cost $14 59 $21 $28 $23 $35 $33 $42 $45 549 $59 If the factory produces the profit-maximizing level of production, how much profit will the firm cam? O S6 $8 O $10 O $12

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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