
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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
Transcribed Image Text: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)
EXTEN
Output
(per minute)
49
59
69
79
89
99
109
AVC
ATC
2.98 7.06
3.26
6.65
6.64
3.74
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
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