Table: Total Cost and Output Table: Total Cost and Output Output Total Cost $ 10 60 80 110 170 245 0 I 2 3 4 Use Table: Total Cost and Output, which describes Sergei's total costs for his perfectly competitive all-natural ice cream firm. If the market price of a tub of ice cream is $67.50, how much is Sergei's total revenue at the profit-maximizing output? $270.00 $170.00 $100.00 $67.50
Table: Total Cost and Output Table: Total Cost and Output Output Total Cost $ 10 60 80 110 170 245 0 I 2 3 4 Use Table: Total Cost and Output, which describes Sergei's total costs for his perfectly competitive all-natural ice cream firm. If the market price of a tub of ice cream is $67.50, how much is Sergei's total revenue at the profit-maximizing output? $270.00 $170.00 $100.00 $67.50
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter8: Perfect Competition
Section: Chapter Questions
Problem 39P: The AAA Aquarium Co. sells aquariums for 20 each. Fixed costs of production are 20. The total...
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