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Profit-Maximizing Quantity of Output Assignment | Homework For You

Output TVC (CHF) Fixed cost (CHF) Total cost ATC (CHF/ski) | AVC MC 3o 13o 40 lo lo 755 27.5 12.5 15 30 75 25 15.0 20 30 11oo 25 17.525 30 1130 aь а, о, о Во 30 165 27.5 22. 535 100Homework For You

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a. Why do you think the marginal cost is shaped like it is in the above table? Explain.

b. Wipeout exists in perfect competition. Using the data above what is the profit-maximizing! quantity of output if the price is CHF 25? How do you know?

c. Ignore part 2, assume costs have not changed. Using the data above what is the profit-maximizing quantity of output if the price is CHF 35? How do you know? Get Economics homework help today

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