Exhibit 14.2.
$\begin{array} { | c | c | c | c| }
\hline \text { Quantity } & \text { Fixad Cust } & \text { Marginal Cast } & \text { Avg. Variable Cost } \
\hline 1 & \$100 & \$52 & \$5 2 \
\hline 2 & 100 & 44 & 48 \
\hline 3 & 100 & 37 & 44.33 \
\hline 4 & 100 & 31 & 41 \
\hline 5 & 100 & 26 & 38 \
\hline
\end{array}$
-Refer to Exhibit 14.2. If the market price is $26, what quantity should the firm produce in order to maximize profits.
A) 5
B) 0
C) 26

Question

Exhibit 14.2.
$\begin{array} { | c | c | c | c| } 
\hline \text { Quantity } & \text { Fixad Cust } & \text { Marginal Cast } & \text { Avg. Variable Cost } \
\hline 1 & \$100 & \$52 & \$5 2  \
\hline 2 & 100 & 44 & 48 \
\hline 3 & 100 & 37 & 44.33 \
\hline 4 & 100 & 31 & 41 \
\hline 5 & 100 & 26 & 38 \
\hline
\end{array}$
-Refer to Exhibit 14.2. If the market price is $26, what quantity should the firm produce in order to maximize profits.
A) 5
B) 0
C) 26

Quizplus · Accepted Answer

The Answer of Exhibit 14.2.
$\begin{array} { | c | c | c | c| } 
\hline \text { Quantity } & \text { Fixad Cust } & \text { Marginal Cast } & \text { Avg. Variable Cost } \
\hline 1 & \$100 & \$52 & \$5 2  \
\hline 2 & 100 & 44 & 48 \
\hline 3 & 100 & 37 & 44.33 \
\hline 4 & 100 & 31 & 41 \
\hline 5 & 100 & 26 & 38 \
\hline
\end{array}$
-Refer to Exhibit 14.2. If the market price is $26, what quantity should the firm produce in order to maximize profits.
A) 5
B) 0
C) 26

Exhibit 14 -Refer to Exhibit 14