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Fogg's Adventure Holiday is a single - price monopoly The table gives the demand schedule for holidays ( columns 1 and 2 ) and Fogg's
Fogg's Adventure Holiday is a single - price monopoly The table gives the demand schedule for holidays ( columns 1 and 2 ) and Fogg's total cost schedule (column 2 and 3) What is Fogg's profit-maximizing output and profit-maximizing price, and what is Fogg's economic profit? Price 220 thousands of dollars per holiday Quantity 0 holidays per month Total cost 80 thousand of dollars per month Price 200 thousands of dollars per holiday Quantity 1 holidays per month Total cost 250 thousand of dollars per month Price 180 thousands of dollars per holiday Quantity 2 holidays per month Total cost 440 thousand of dollars per month Price 160 thousands of dollars per holiday Quantity 3 holidays per month Total cost 650 thousand of dollars per month Price 140 thousands of dollars per holiday Quantity 4 holidays per month Total cost 880 thousand of dollars per month Price 120 thousands of dollars per holiday Quantity 5 holidays per month Total cost 1130 thousand of dollars per month Fogg's profit-maximizing number of holiday is ? a month
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