Solved: Look at Table 8.13. What would happen to the firms profits if the market price
Chapter 8, Problem 3(choose chapter or problem)
Look at Table 8.13. What would happen to the firms profits if the market price increases to $6 per pack of raspberries? Quantity Total Cost Fixed Cost Variable Cost Total Revenue Profit 0 $62 $62 - $0 $62 10 $90 $62 $28 $60 $30 20 $110 $62 $48 $120 $10 30 $126 $62 $64 $180 $54 40 $144 $62 $82 $240 $96 50 $166 $62 $104 $300 $134 60 $192 $62 $130 $360 $168 70 $224 $62 $162 $420 $196 80 $264 $62 $202 $480 $216 90 $324 $62 $262 $540 $216 100 $404 $62 $342 $600 $196 Table 8.13
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