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What is the profit per unit for this firm at a quantity of nine (9) units? Price or cost $12 Marginal cost $11 $10 $9 $8 $7 "Average total cost Average $6 $5 $4 variable $3 cost H $2 Demand $1 $0 10 11 12 1314 15 16 17 18 19 20 21 Quantity $-1 $-2 $-3 $-4 Marginal $-5 revenue

What is the profit per unit for this firm at a quantity of nine (9) units? Price or cost $12 Marginal cost $11 $10 $9 $8 $7 "Average total cost Average $6 $5 $4 variable $3 cost H $2 Demand $1 $0 10 11 12 1314 15 16 17 18 19 20 21 Quantity $-1 $-2 $-3 $-4 Marginal $-5 revenue

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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a. $6.00 – $2.50 = $3.50
b. $2.50 – $3.50 = -$1.00
c. $6.50 – $2.00 = $4.50
d. $6.00 – $3.50 = $2.50
What is the profit per unit for this firm at a quantity of nine (9) units? Price or cost $12 Marginal cost $11 $10 $9 $8 $7 -Average total cost Average $6 $5 $4 variable $3 ;cost $2 Demand $1 $0 10 11 12 1314.15 16 17 18 19 20.21 Quantity $-1 $-2 $-3 $-4 Marginal $-5 revenue $-6
Transcribed Image Text:What is the profit per unit for this firm at a quantity of nine (9) units? Price or cost $12 Marginal cost $11 $10 $9 $8 $7 -Average total cost Average $6 $5 $4 variable $3 ;cost $2 Demand $1 $0 10 11 12 1314.15 16 17 18 19 20.21 Quantity $-1 $-2 $-3 $-4 Marginal $-5 revenue $-6
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