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KIC000082

# KIC000082 - swam“ Imam-tor kolthoom alkofahi EDaN 1125509...

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Unformatted text preview: swam“ Imam-tor: kolthoom alkofahi EDaN': 1125509 Course: ECO 3301-05 Book: Hubbarcl—‘O'Brien: Microeconomics ETlnIo: 11:38 AM ®__ _ 2e Refer to the table to the light which shows the short - run cost data of a perfectly competitive ﬁrm that produces plastic camera cases. Assume that output can only be increased in batches of 100 units. If the market price ofeach camera case is 58. what is the proﬁt - maximizing quantity? - 2 300 units ME: 400 units ’3 500 units -‘. 600 units Refer to the table to the right which shows the short - run oust data ut‘a perfectly competitive ﬁrm that produces plastic camera cases. Assume that output can only be increased in batches of 100 units. If the market price of each camera case is \$8 and the ﬁrm maximizes proﬁt, what is the amount of the ﬁrm's profit or loss? 50 (it breaks even) loss of S l .000 9': proﬁt 01'3440 loss of \$440 Page 3 Assignment: HW Chll-l A U Total (lost Variable (f Quantitv (Dollars) ( Doilars: 0 \$1.000 \$0 100 l .360 360 200 1,560 560 300 1,960 960 400 2,760 L760 500 4.000 3.000 600 5,800 4,800 Total Cost Variable C Quantity (Dollars) (Dollars: 0 S l ,000 \$0 100 L360 360 200 1,560 560 300 1 ,960 960 400 2,760 l .760 500 4,000 3,000 600 5,800 4,800 ...
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