Josef manages a kebab shop in Sydneys central business district and has the following information on the shops demand and costs a To maximize profit, how many kebabs should Josef sell per hour, what price should he charge, and how much profit will he make b What is the marginal revenue that Josef r...

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Josef manages a kebab shop in Sydneys central business district and has the following information on the

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Josef manages a kebab shop in Sydney’s central business district and has the following information on the shop’s demand and costs:

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a. To maximize profit, how many kebabs should Josef sell per hour, what price should he charge, and how much profit will he make?

b. What is the marginal revenue that Josef receives by selling the profit-maximizing quantity of kebabs? What is the marginal cost of producing the profit-maximizing quantity of kebabs?

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Economics

ISBN: 9781292430645

8th Global Edition

Authors: R. Glenn Hubbard, Anthony P. O'Brien

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Question Posted: Mar 06, 2024 06:01 AM

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Josef manages a kebab shop in Sydneys central business district and has the following information on the

Question:

Kenbas Sold Per Hour (Q) 0 1 23 4 5 6 7 8 Price (P) $6.00 5.50 5.00 4.50 4.00 3.50 3.00 2.50 2.00 Total Cost (TC) $3.00 7.00 10.00 12.50 14.50 16.00 17.00 18.50 21.00

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Economics

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