A price-taking firm makes air conditioners. The market price of one of its new air conditioners is$130. The firm's total cost information is given in the table below:Instructions: Calculate marginal cost, and enter your responses as whole numbers.Airconditionersper dayTotal costMarginal cost($ per day)($ per day)11001002150322043105405651076508800How many air conditioners should the firm produce per day if its goal is to maximize its profit?air conditioners per day.

Airconditioner per day to maximize profit= 2 per day Marginal costs are follow as presented in the…

Answered: A price-taking firm makes air…

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter22: Supply: The Costs Of Doing Business

Section: Chapter Questions

Problem 17E

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