Suppose that Gus sells hot dogs. The total cost of production, based on the number of hot dogs produced, is shown in the
Posted: Fri Jul 01, 2022 7:55 am
Suppose that Gus sells hot dogs. The total cost of production, based on the number of hot dogs produced, is shown in the following table. Number of hot dogs 1 2 3 4 5 6 7 Total cost ($) 8 10 13 18 25 34 45 Suppose that the price is $6. Assuming profit maximization, how many hot dogs will Gus sell?