4 Luigi's Lasagna is a price taker. It has the following total cost schedule. Output (plates per...

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4 Luigi's Lasagna is a price taker. It has the following total cost schedule.

Output

(plates per hour)

Total cost

(dollars per hour)

0 14 1

38 2

48 MC 3

62 ATC 4

80 5

102 6

128 1

0 100 200 300 400 500 Quantity (burgers per day)

a If the market price of a burger is $4, what is Bob's profit-maximising output?

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