3 Par's Pizza Restaurant is a price taker. It has the following total cost schedule. Output (pizza...
Question:
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
Economics
ISBN: 9781503632943
5th Edition
Authors: Douglas McTaggart, McTaggart Findlay & Parkin, Christopher Findlay, Michael Parkin
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