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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

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 30 2020 View more View Less

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