Suppose the egg industry is made up of only the three farms above; Happy Chickens, Special Chickens, and Superior Chicken
-Refer to the table above. If the cost per unit of advertising is constant at $325, what is the level of advertising per week that maximizes the industry joint profit?

Question

Quizplus · Accepted Answer

The level of advertising that maximizes the industry joint profit is 4 units per week. This is because the marginal revenue from advertising is equal to the marginal cost of advertising at this level of advertising.

Suppose the Egg Industry Is Made Up of Only the Three