Assignment 3 (econ-101) | Economics homework help
Assignment Questions Question 1 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 $11? 2) How much profit (loss) will he earn? 3) Indicate the profit (loss) area on the graph. 4) Suppose Sindbad decides […]