The table to the right gives the per unit cost data for a shirt manufacturer in a competitive industry If the market price is $10.58, how much profit is this firm making per minute? per minute (Round your answer to the nearest penny.) 4 Output (per minute) 49 59 69 79 89 99 109 AVC ATC 2.98 7.06 3.26 6.65 3.74 6.64 4.42 6.95 4.42 7.55 5,30 8.40 6.38 9.50 MC 3.86 5.50 7.74 10.58 14.02 18.06 22.70

The table to the right gives the per unit cost data for a shirt manufacturer in a competitive industry If the market price is $10.58, how much profit is this firm making per minute? per minute (Round your answer to the nearest penny.) 4 Output (per minute) 49 59 69 79 89 99 109 AVC ATC 2.98 7.06 3.26 6.65 3.74 6.64 4.42 6.95 4.42 7.55 5,30 8.40 6.38 9.50 MC 3.86 5.50 7.74 10.58 14.02 18.06 22.70

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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