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Calculator View instructions Hip Center Question No: 05 15 Answer the following questions based on the data provided in the graph below. Assume that verucar
Calculator View instructions Hip Center Question No: 05 15 Answer the following questions based on the data provided in the graph below. Assume that verucar lines drawn at quantities of 44 and 3/ cut ie average total cost curve at the same cost point, U$ 75. a. What would be the quantity of output for a profit maximizing firm? Why? [2] b. What would be the price and revenue of the firm? [2] C. What is the corresponding total cost and the profit of the firm? Use the graph provided below to answer parts ().() [2] Marginal Cost co Price, Cost ($ Average Total Cost Average Variable 100 Cost 68 55 35 Demand 30 0 10 21 31 44 57 77 Quantity Marginal
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