A price-taking firm makes air conditioners. The market price of one of its new air conditioners is $130. The firm's total cost information is given in the table below: Instructions: Calculate marginal cost, and enter your responses as whole numbers. Air conditioners per day Total cost Marginal cost ($ per day) ($ per day) 1 100 100 2 150 3 220 4 310 5 405 6 510 7 650 8 800 How many air conditioners should the firm produce per day if its goal is to maximize its profit? air conditioners per day.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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A price-taking firm makes air conditioners. The market price of one of its new air conditioners is
$130. The firm's total cost information is given in the table below:
Instructions: Calculate marginal cost, and enter your responses as whole numbers.
Air
conditioners
per day
Total cost
Marginal cost
($ per day)
($ per day)
1
100
100
2
150
3
220
4
310
5
405
6
510
7
650
8
800
How many air conditioners should the firm produce per day if its goal is to maximize its profit?
air conditioners per day.
Transcribed Image Text:A price-taking firm makes air conditioners. The market price of one of its new air conditioners is $130. The firm's total cost information is given in the table below: Instructions: Calculate marginal cost, and enter your responses as whole numbers. Air conditioners per day Total cost Marginal cost ($ per day) ($ per day) 1 100 100 2 150 3 220 4 310 5 405 6 510 7 650 8 800 How many air conditioners should the firm produce per day if its goal is to maximize its profit? air conditioners per day.
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