Suppose that Katy sells egg rolls. The total cost of production, based on the number of egg rolls produced, is shown in the following table.
# of egg rolls
Number of egg rolls Total cost ($)
1 8
2 10
3 13
4 18
5 25
6 34
7 45
Suppose that the price is $6. Assuming profit maximization, how many egg rolls will Katy sell?
Answers: 2
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Suppose that Katy sells egg rolls. The total cost of production, based on the number of egg rolls pr...
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