Business, 25.12.2019 01:31 matthewmalte7329
Zoe's bakery operates in a perfectly competitive industry. suppose that when the market price is $5, the profit-maximizing output level of pastries is 150 units, with average total cost of $4, and average variable cost of $3. from this we know zoe's marginal cost is and zoe's short-run profits are
a. $5; $300.
b. $1; $300.
c. $1; $150.
d. $5; $150.
Answers: 3
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