Suppose a large corporation produces airplanes in a perfectly competitive industry. The data in the following...
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Suppose a large corporation produces airplanes in a perfectly competitive industry. The data in the following table give information about the cost of producing a particular type of airplane (in thousands), where quantity is q, total cost is C, and marginal cost is MC. Airplanes sell for $176 thousand. q C MC 0 200 - 1 400 200 2 512 112 3 592 80 4 648 56 5 720 72 6 800 80 7 888 88 8 1038 150 9 1233 195 10 1473 240 11 1758 285 Suppose this firm has the capacity to produce up to 11 airplanes of this particular type. If the company manager's goal is to maximize revenue, how many airplanes will the firm produce? airplanes. (Enter your response using an integer.) Suppose a large corporation produces airplanes in a perfectly competitive industry. The data in the following table give information about the cost of producing a particular type of airplane (in thousands), where quantity is q, total cost is C, and marginal cost is MC. Airplanes sell for $176 thousand. q C MC 0 200 - 1 400 200 2 512 112 3 592 80 4 648 56 5 720 72 6 800 80 7 888 88 8 1038 150 9 1233 195 10 1473 240 11 1758 285 Suppose this firm has the capacity to produce up to 11 airplanes of this particular type. If the company manager's goal is to maximize revenue, how many airplanes will the firm produce? airplanes. (Enter your response using an integer.)
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