Quantity Marginal Cost Average Total Cost 10 20 30 40 50 60 70 80 Fill in the above table. (6 marks) M Suppose the marke
Posted: Sun Jun 05, 2022 4:19 pm
Quantity Marginal Cost Average Total Cost 10 20 30 40 50 60 70 80 Fill in the above table. (6 marks) M Suppose the market price of coffee is $25. What quantity would maximize Sophia's profit? (2 marks) iii. How much profit does Sophia make at the profit-maximizing level of output? (3 marks) Total Cost 200 250 350 500 700 950 1250 1600 2000