Suppose that the monthly market demand schedule for Frisbees is listed below: Guantity dormant Lood...
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Suppose that the monthly market demand schedule for Frisbees is listed below: Guantity dormant Lood 2,000 4pool 8,000 16,ood52000 64,000 Suppose further that the marginal and average costs of Frisbee production for every competitive firm , are late of output 100 200 400 arginal cost 300 $2.00 ss.oo ET S400 II S5.00 US60 $700 $.od sasofss .00 3.5 $4.0 IS450 rerage total cost Finally, assume that the equilibrium market price is $7 per Frisbee (a) ldentity this firms profit-maximizing rate of output. instructions: Enter your response as a whole number 6000 units of output (b) Draw the market demand curve, instructionsUse tool provided to : the draw the market curve This ine should 7 demand DMK). contain reference points. Your Graph score: 100% The Market
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