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The table below shows the costs of a firm that produces handmade pottery vases in a competitive industry. Output AVC MC 3 3 2 2.50
The table below shows the costs of a firm that produces handmade pottery vases in a competitive industry. Output AVC MC 3 3 2 2.50 2 2.17 1.5 4 1.93 1.2 1.74 1 1.67 1.3 1.71 2 8 2 A 2.44 10 3 B The market price for a handmade vase is $6.50. To maximize its profit, this firm should produce @ vases
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