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Homework answers / question archive / Output per day: 0 1 2 3 4 5 6 7 8 9 Total cost: 10

Output per day: 0 1 2 3 4 5 6 7 8 9 Total cost: 10

Economics

Output per day: 0 1 2 3 4 5 6 7 8 9

Total cost: 10.00 20.50 24.50 28.50 34.00 43.0 55.50 72.00 93.00 119.00

 

Suppose the current equilibrium price in the basketball market is $12.50. To maximize profit, how many basketballs will Andy produce, what price will he charge, and how much profit will he make?

 

It would be great if you could show me how you solve this problem with the table which includes Output per day, Total cost, Marginal Cost, Total revenue, Marginal revenue, and profit.

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