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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.

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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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 $342 $198 2 $324 $252 3 $306 $342 4 $288 $468 5 $270 $648 6. $252 $846 7 $234 $1062 8 $216 $1332 $198 $1638 10 $180 $1980 The economically efficient (for society as a whole) level of production for Vera is violins per month.
Transcribed Image Text: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 $342 $198 2 $324 $252 3 $306 $342 4 $288 $468 5 $270 $648 6. $252 $846 7 $234 $1062 8 $216 $1332 $198 $1638 10 $180 $1980 The economically efficient (for society as a whole) level of production for Vera is violins per month.
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