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Kali is a dot-com entrepreneur who has established a Web site at which people can design and buy aring. Kali pays $600 a month for a Web server and Internet connection

Kali is a dot-com entrepreneur who has established a Web site at which people can design and buy aring. Kali pays $600 a month for a Web server and Internet connection. The rings that customers design are made to order by another firm, and Kali pays this firm $40 a ring. Kali has no other costs The table shows the demand schedule for Kalis rings Price dollars per ring) 200 160 120 80 40 Quantity (rings per month) 40 80 120 160 200 Kali's profit-maximizing output is ? rings a month. Kali's profit-maximizing price is aring. Kalis economic profit is S? a month.

Apr 29 2020 View more View Less

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