Essay
Joseph owns the only ice cream shop in a small town outside Mobile,Alabama.According to the accompanying table,which shows production and costs for Joseph's ice cream shop,answer the following questions.
a.By using the profit-maximizing rule,what is the quantity Joseph should produce to maximize his profits?
b.By using the profit-maximizing rule,what is the price Joseph should set to maximize his profits?
c.At the price and quantity you found,what is the profit Joseph makes?
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a.The profit-maximizing rule is to set m...View Answer
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