Calculate Pawels profit-maximizing output and economic profit if the market price is (i) PLN11 a zapiekanka, (ii)

Question:

Calculate Pawel’s profit-maximizing output and economic profit if the market price is (i) PLN11 a zapiekanka, (ii) PLN9 a zapiekanka, and

(iii) PLN13 a zapiekanka.

Pawel’s Zapiekanka, a Polish deli, is a price taker and the table shows its costs of production. image text in transcribed

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Economics

ISBN: 9781292433639

14th Global Edition

Authors: Michael Parkin

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Question Posted: Jan 27, 2024 10:01 PM

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Calculate Pawels profit-maximizing output and economic profit if the market price is (i) PLN11 a zapiekanka, (ii)

Question:

Output (Zapiekanki per hour) 0 1 234N 3 5 Total cost (PLN per hour) 8 18 26 36 48 62

Step by Step Answer:

To calculate Pawels profitmaximizing output and economic profit we need to consider a few factors 1 The market price of the zapiekanki at which Pawel is selling PLN 11 PLN 9 and PLN 13 2 Pawels cost o...View the full answer

Economics

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