3 Par's Pizza Restaurant is a price taker. It has the following total cost schedule. Output (pizza...

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3 Par's Pizza Restaurant is a price taker. It has the following total cost schedule.

Output

(pizza per hour)

12-

10 8

Price and cost (cents per page)

6 Total cost

(dollars per hour)

0 10 1

21 2

30 3

41 4

54 5

69 2

0 20 40 60 80 100 Quantity (pages per hour)

a If the market price of copying one page is 10 cents, what is Quick Copy's profit-

maximising output?

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Related Book For  book-img-for-question

Economics

ISBN: 9781503632943

5th Edition

Authors: Douglas McTaggart, McTaggart Findlay & Parkin, Christopher Findlay, Michael Parkin

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