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A price-taking firm makes air conditioners. The market price of one of its new air conditioners is $110. The firm's total cost information is given
A price-taking firm makes air conditioners. The market price of one of its new air conditioners is $110. The firm's total cost information is given in the table below: Instructions: Calculate marginal cost, and enter your responses as whole numbers Air conditioners Total cost Marginal cost per day ($ per day) ($ per day) 100 100 2 150 3 220 4 310 5 405 6 510 650 8 800 How many air conditioners should the firm produce per day if its goal is to maximize its profit? nce air conditioners per day. Mc Prav
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