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1. Figure below shows the costs of Quick Copy, one of many copy shops near campus. If the market price of copying is 10 a

1. Figure below shows the costs of Quick Copy, one of many copy shops near campus. If the market price of copying is 10 a page, calculate Quick Copy's

a.Profit-maximizing output.

b.Economic profit.

image text in transcribed
2\\ FIG RE 'I 1.1 Problem 13 Cost (cents per page) 2O 40 60 80 1 0 Quantity (pages per hour)

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