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nstructions: In part a , enter your answer as a whole number. In parts b , c , d and e , round your answers
nstructions: In part a enter your answer as a whole number. In parts b c d and e round your answers to decimal places.
If the market price of children's mittens is $ per pair, how many pairs of children's mittens should Smitten produce per week to maximize its profits?
pairs of mittens
b When the market price is $ what is Smitten's average total cost at the profitmaximizing quantity of children's mittens?
$
c What are Smitten's weekly profits if the market price is $ per pair and the firm produces the profitmaximizing quantity of mittens?
$
d What are Smitten's weekly profits if the market price is $ per pair and the firm produces the profitmaximizing quantity of mittens?
$
e At what price would Smitten earn a normal profit?
$
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