Question: Perfect Competition MY PROGRESS - 50% Decision Point: Calculating Profit Based on New Demand Now that you know that you will increase your production of

Perfect Competition MY PROGRESS - 50% Decision Point: Calculating Profit Based on New Demand Now that you know that you will increase your production of shiitakes to 70,000 pounds, using the cost table provided, what will your economic profit be? Quantity (thousands of pounds) MC ATC AVC 10 14 50.00 14.00 20 12 31.00 13.00 30 10 24.00 12.00 40 12 21.00 12.00 50 16 20.00 12.80 60 20 20.00 14.00 70 24 20.57 15.43 80 28 21.50 17.00 90 32 22.67 18.67 Type value in the space provided below, and click Submit. $ Submit PreviousNext

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