Vera's Violins is the only shop in a town that sells violins. Vera, the shop owner, makes the violins that she sells herself. The table below presents the costs per month to Vera of making violins and the demand in the town for her violins. Price Output Total Costs per unit $360 $180 1 $342 $198 $324 $252 $306 $342 4 $288 $468 $270 $648 6 $252 $846 $234 $1062 8 $216 $1332 $198 $1638 6 10 $180 $1980 The economically efficient (for society as a whole) level of production for Vera is violins per month.

Vera's Violins is the only shop in a town that sells violins. Vera, the shop owner, makes the violins that she sells herself. The table below presents the costs per month to Vera of making violins and the demand in the town for her violins. Price Output Total Costs per unit $360 $180 1 $342 $198 $324 $252 $306 $342 4 $288 $468 $270 $648 6 $252 $846 $234 $1062 8 $216 $1332 $198 $1638 6 10 $180 $1980 The economically efficient (for society as a whole) level of production for Vera is violins per month.

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter12: More Realistic And Complex Pricing

Section: Chapter Questions

Problem 12.1IP

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