please answer within 30 minutes in details. Price100908070+ATC30-30+2010MR12 16 20,4 20 32 DuaiyRefer to Figure 16-12. If this firm profit-maximizes, what quantity of output will it produce? At this point, howmuch profit will the firm earn?

We have downword sloping demand curve of a firm. So its a profit maximizing firm.

Pice 100 90 80 ATC 70- 30- 40 36 30+ 20 10 MR 12 16 20,4 20 32 Duaatiy Refer to Figure 16-12. If this fim profit-maximizes, what quantity of output will it produce? At this point, how much profit will the firm earn?

Pice 100 90 80 ATC 70- 30- 40 36 30+ 20 10 MR 12 16 20,4 20 32 Duaatiy Refer to Figure 16-12. If this fim profit-maximizes, what quantity of output will it produce? At this point, how much profit will the firm earn?

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter12: Firms In Perfectly Competitive Markets

Section: Chapter Questions

Problem 6P

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please answer within 30 minutes in details.

Price
100
90
80
70+
ATC
30-
30+
20
10
MR
12 16 20,4 20 32 Duaiy
Refer to Figure 16-12. If this firm profit-maximizes, what quantity of output will it produce? At this point, how
much profit will the firm earn?

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