Business, 19.12.2019 19:31 yaneiryx5476

Kevin's profit is maximized when he frying pans. when he does this, the marginal cost of the last frying pan he produces is $ , which than the price kevin receives for each frying pan he sells. the marginal cost of producing an additional frying pan (that is, one more frying pan than would maximize his profit) is __$ , which than the price kevin receives for each frying pan he sells. therefore, kevin's profit-maximizing quantity corresponds to the intersection of curves. because kevin is a price taker, this last condition can also be written

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Kevin's profit is maximized when he frying pans. when he does this, the marginal cost of the last f...

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