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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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