Profit maximization
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Refer to the attachment for a perfectly competitive firm. at a market price of $23, profit per unit is maximized at an output of:
a)13 units
b) 25 units
c) 31 units
d) 39 units
e) 40 units
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This explains the concept of profit maximization
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refer to the attachment for a perfectly competitive firm. at a market price of $23, profit per unit is maximized at an output of:
At a market price of $23, total profits are maximized at an output of :
The correct answer is 31 as the profit per unit=$8 ( which is ...
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