Calculate Pawels profit-maximizing output and economic profit if the market price is (i) PLN11 a zapiekanka, (ii)
Question:
Calculate Pawel’s profit-maximizing output and economic profit if the market price is (i) PLN11 a zapiekanka, (ii) PLN9 a zapiekanka, and
(iii) PLN13 a zapiekanka.
Pawel’s Zapiekanka, a Polish deli, is a price taker and the table shows its costs of production.
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Step by Step Answer:
To calculate Pawels profitmaximizing output and economic profit we need to consider a few factors 1 The market price of the zapiekanki at which Pawel is selling PLN 11 PLN 9 and PLN 13 2 Pawels cost o...View the full answer
Answered By
Usman Nasir
I did Master of Commerce in year 2009 and completed ACCA (Association of Chartered Certified Accountants) in year 2013. I have 10 years of practical experience inclusive of teaching and industry. Currently i am working in a multinational company as finance manager and serving as part time teacher in a university. I have been doing tutoring via many sites. I am very strong at solving numerical / theoretical scenario-based questions.
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