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core: 0 of 1 pt 4 2 of 10 (8 complete) HW Score: concept Question 2.4 suppose a large corporation produces airplanes in a perfectly

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core: 0 of 1 pt 4 2 of 10 (8 complete) HW Score: concept Question 2.4 suppose a large corporation produces airplanes in a perfectly competitive industry. The data in the following table give information about the cost of producing a particular type of airplane (in thousands), where quantity is q, total cost is C, and marginal cost is MC. Airplanes sell for $160 thousa C MC 100 300 200 412 112 492 80 548 56 620 72 700 80 788 88 933 145 1123 190 1358 235 11 1638 280 uppose this firm has the capacity to produce up to 11 airplanes of this particular type. If the company manager's goal is to maximize revenue, how many airplanes will the firm produce? 11 airplanes. (Enter your response using an integer.) What will be the firm's profit? $ thousand. (Enter your response rounded to two decimal places.) ter your answer in the answer box and then click Check Answer. parts remaining Clear All

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