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Assume that the firm is in perfect competition and the price is $ 80. Find maximum profit? A) $100 B) $0 C) $80

Assume that the firm is in perfect competition and the price is $ 80. Find maximum profit? A) $100 B) $0 C) $80

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Quantity Produced Total Cost (S) S 40 S 100 S 130 S 180 S 240 $ 320 S 480 S 630 6. Assume that the firm is in perfect competition and the price is $ 80. Find maximum profit? A) $100 B) $0 C) $80 D) none of above 345 67
Transcribed Image Text:Quantity Produced Total Cost (S) S 40 S 100 S 130 S 180 S 240 $ 320 S 480 S 630 6. Assume that the firm is in perfect competition and the price is $ 80. Find maximum profit? A) $100 B) $0 C) $80 D) none of above 345 67
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