Refer to the table below. If Sweet Grams is a perfectly competitive firm and the market price $1.25 per unit, what is the profit-maximizing quantity for Sweet Grams to produce at Plant 1?



Sweet Grams makes graham cracker snack packages. Sweet Grams is a multi-plant firm with two production facilities. The above table summarizes the total marginal cost of production at various output levels in the separate plants. Assume Sweet Grams is a perfectly competitive firm.



A) 27,000

B) 30,100

C) 36,000

D) 24,500


B) 30,100

Economics

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Refer to Table 9-9. Fill in the following table with the opportunity costs of producing light bulbs and flash drives for Mexico and Canada

Light Bulbs Flash Drives Mexico Canada

Economics

We would expect the cross price elasticity of demand between digital cameras and film cameras to be positive

Indicate whether the statement is true or false

Economics

If a 20 unit tax is placed on a seller, then

A. both parties will share the tax burden equally. B. the buyer will bear all of the tax burden. C. the seller will bear all of the tax burden. D. the distribution of the tax burden cannot be determined from the information given.

Economics

Structural unemployment is:

A. the result of the ordinary difficulty of matching employee to employer. B. persistent, long-term unemployment. C. short-term unemployment. D. correlated with the ups and downs of the business cycle.

Economics