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Card 13 / 23:
Based on your answers to the WipeOut Ski Company in , now imagine a situation where the firm produces a quantity of 5 units that it sells for a price of $25 each.
What will be the company’s profits or losses?How can you tell at a glance whether the company is making or losing money at this price by looking at average cost?At the given quantity and price, is the marginal unit produced adding to profits?
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