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Vicki makes rag dolls The market for rag dolls is perfectly competitive and the going price is $8 per doll Vicki's total costs are shown in the table below Quantity dolls per day Total cost

Vicki makes rag dolls. The market for rag dolls is perfectly competitive, and the going price is $8 per doll. Vicki's total costs are shown in the table below. Quantity (dolls per day) Total cost ($) 0 10.00 1 13.00 2 17.20 3 22.60 4 29.20 5 37.00 6 46.00 7 56.20 In the scenario above, how many dolls should Vicki produce to maximize her profit? ___dolls. (Enter a whole number, e.g., 3) In the scenario above, what is the maximum profit that Vicki can earn? $ (Enter a number with two digits after the decimal point. Round your answer if necessary. If you think the firm suffers a loss, enter a negative sign (dash), e.g., -4.00)

Apr 09 2020 View more View Less

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