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Froggy's Sunglasses is a perfectly competitive firm that sells sunglasses. Sunglasses sell for $36 each. The fixed costs of production are $50. The total variable
Froggy's Sunglasses is a perfectly competitive firm that sells sunglasses. Sunglasses sell for $36 each. The fixed costs of production are $50. The total variable costs are $30 for one unit, $40 for two units, $55 for three units, $85 for four units, and $140 for five units. What is the profit maximizing quantity? (Hint: you may want to draw and fill in the table below to determine the answer)
Quantity Fixed Costs Variable Cost Total Cost Revenue Profit
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