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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
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 $104 thousand. q c MC 0 100 1 200 100 2 256 56 3 296 40 4 324 28 5 360 36 6 400 40 7 444 44 8 519 75 9 614 95 10 729 1 15 11 864 135 Suppose this rm 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? |:| airplanes. (Enter your response using an integer.)
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