Business
Business, 25.06.2019 09:50, emopandabogard8712

The table below gives price and cost information for a used-book. it competes with a number of similar stores, but it capitalizes on its location and the word-of-mouth reputation of the coffee it serves to its customers. calculate average total costs for the bookstore. (round your answers to the nearest penny.) q book price ($) mr ($) total costs ($) average total costs ($) mc ($) 0 5.50 minus 2.00 minus minus 1 5.25 5.25 4.75 4.75 2.75 2 5.00 4.75 7.75 3.88 3.00 3 4.75 4.25 11.00 3.67 3.25 4 4.50 3.75 14.75 3.69 3.75 5 4.25 3.25 19.00 3.80 4.25 6 4.00 2.75 23.75 3.96 4.75 7 3.75 2.25 29.50 4.21 5.75 illustrate the store's short-run equilibrium. using the point drawing tool, indicate the profit maximizing price and quantity. label this point 'eq'. carefully follow the instructions above, and only draw the required objects. to the nearest cent, what is the store's total profit? $ nothing.

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The table below gives price and cost information for a used-book. it competes with a number of simi...

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