\f3 4 5 a 7 3 QUANTITY (Frying pans} hen he produces Efrying pans. when he does this, the marginal cost of the last frying pan he produces 7 than the price Alex receives for each frying pan he sells. The marginal cost of producing an additional frying g pan than would maximize his prot] is E, which is V than the price Alex receives for each frying x's prot-maximizing quantity corresponds to the intersection of V curves. Because Alex is a price taker, this last condition can also be written