Suppose that the market price increases to $6, as Table 8 14 shows What would happen to the profit maximizing output level Table 8 14 Total Quantity Cost 0 10 20 30 40 50 60 70 80 90 100 $62 $90 $110 $126 $144 $166 $192 $224 $264 $324 $404 Fixed Cost $62 $62 $62 $62 $62 $62 $62 $62 $62 $62 $62 Vari...

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Suppose that the market price increases to $6, as Table 8.14 shows. What would happen to the

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Suppose that the market price increases to $6, as Table 8.14 shows. What would happen to the profit-maximizing output level?

Table 8.14

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Principles Of Economics

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