Calculating The Marginal Cost Assignment Discussion Paper
the output of firm $I$ and $Q_{2}$ is the output of firm 2. What is the market mpply curve for this industry? (Hint Graph the teo curves side by side; then add their respective quantities at a sanple of different prices.) (LO2) 3. A pricetaking firm makes air condationers. The market price of one of ins new air conditioners is 5120 . Toe firm’stokal cost information is given in the table below: How many air conditioners should the firm produce per day if its goal is to maximize its profite (LO3) 4. For the pizza seller whose marginal. average variable, and average total cost curves are shown in the accompaning diagram, what is the profirmaximizing level of output and how much profit will this producer eann if the price of pizza is $$2.50$ per alice? (LOS) Calculating The Marginal Cost Assignment Discussion Paper
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Stepbystep
 Explanation for step 1
Air conditioners per day

Total cost ($ per day)

Marginal cost per unit

Calculation

1

100

100

1000

2

150

50

150100

3

220

70

220150

4

310

90

310220

5

405

95

405310

6

510

105

510405

7

650

140

650510

8

800

150

800650

 Explanation for step 2