question 1 10 marks the following graph represents the situation of sindbad s caps a firm selling caps in the perfectly competitive caps industry 1 how much output should sindbad produce to maximize his profit if the market price is equal to
Question 1 (10 Marks) The following graph represents the situation of Sindbad’s caps, a firm selling caps in the perfectly competitive caps industry. How much output should Sindbad produce to maximize his profit, if the market price is equal to $11? (2 marks) How much profit (loss) will he earn? (2 marks) Indicate the profit […]
