Profit maximization using total cost and total revenue curves Suppose Dina runs a small business that manufactures trying pans

Economics Jan 09, 2021

Profit maximization using total cost and total revenue curves Suppose Dina runs a small business that manufactures trying pans. Assume that the market for frying pans is a competitive market, aid the market price is $20 per frying pan. The following graph shows Dina's total cost curve. Use the blue points (circle symbol) to plot total revenue and the green points (triangle symbol) to plot profit for the first seven frying pans that Dina produces, including zero frying pans.

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