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The situation facing by firm “Smart”,  a producer of running shoes, is shown in the following figure.   What quantity does Smart Shoes produce?              Answer: What is the price of a pair of Smart shoes? Answer: What is Smart’s economic profit or economic loss?

The situation facing by firm “Smart”,  a producer of running shoes, is shown in the following figure.   What quantity does Smart Shoes produce?              Answer: What is the price of a pair of Smart shoes? Answer: What is Smart’s economic profit or economic loss?

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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The situation facing by firm “Smart”,  a producer of running shoes, is shown in the following figure.

 

  1. What quantity does Smart Shoes produce?

             Answer:

  1. What is the price of a pair of Smart shoes?

Answer:

  1. What is Smart’s economic profit or economic loss?

Answer:

4 i-a 100 MC ATC -8 80 60 40 20 - :D MR 100 వావకంగ బంంగకిక అo పా 11L॥rlng ంet పరet v eత 50 150 రుం Price ond cost (dobllars per pair)
Transcribed Image Text:4 i-a 100 MC ATC -8 80 60 40 20 - :D MR 100 వావకంగ బంంగకిక అo పా 11L॥rlng ంet పరet v eత 50 150 రుం Price ond cost (dobllars per pair)
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