-In Exhibit 11-11,the widgets are sold in a perfectly competitive market at $10 each.The price of rubber is $50 per pound.To maximize profit,the widget producer should produce:
A) 0 widgets
B) 20 widgets
C) 35 widgets
D) 45 widgets
E) 50 widgets

Question

-In Exhibit 11-11,the widgets are sold in a perfectly competitive market at $10 each.The price of rubber is $50 per pound.To maximize profit,the widget producer should produce:
A) 0 widgets 
B) 20 widgets 
C) 35 widgets 
D) 45 widgets 
E) 50 widgets

Quizplus · Accepted Answer

The Answer of 
-In Exhibit 11-11,the widgets are sold in a perfectly competitive market at $10 each.The price of rubber is $50 per pound.To maximize profit,the widget producer should produce:
A) 0 widgets 
B) 20 widgets 
C) 35 widgets 
D) 45 widgets 
E) 50 widgets

-In Exhibit 11-11,the Widgets Are Sold in a Perfectly Competitive