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Loraine Loraine
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Posts: 4563
8 years ago
The table below gives Amy's total cost schedule for producing holiday wreaths. Amy is a perfect competitor and can sell each wreath for $9.
a.   Complete the table by calculating Amy's total revenue and her profit or loss schedule.



b.    When Amy is producing 4 wreaths, what is her total cost? What is her total revenue? What is her economic profit or economic loss?
c.    What number of wreaths maximizes Amy's profit?
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 460 times
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SmooothSmoooth
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Posts: 5500
8 years ago
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8 years ago
No problemo Happy Dummy
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3 years ago
Thanks
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3 years ago
Thank
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