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The table shows the total cost of producing sweaters in Henry's factory. The market for sweaters is perfectly competitive, and the price of a sweater
The table shows the total cost of producing sweaters in Henry's factory. The market for sweaters is perfectly competitive, and the price of a sweater is $22.50. What is Henry's profit-maximizing output? Henry's profit-maximizing output is A. 4 sweaters an hour B. 2 sweaters an hour C. 3 sweaters an hour D. zero sweaters an hour The graph shows the demand curve for pizza in an isolated town that has only one pizzeria. Draw the corresponding marginal revenue curve. Make your curve intersect both axes and label it. Choose the correct statement. A. Marginal revenue equals total revenue divided by quantity sold. B. For a monopoly, marginal revenue equals price. C. For a monnonoly tntal revenule pauluals marninal
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