Exercise-Universal Shampoo is a price taker firm. Its costs are:    Output  (Shampoo per hour) Total Cost ($ per hour) 0 10 1 21 2 30 3 41 4 54 5 69  a. Calculate Universal’s profit-maximizing output and economic profit if the market price is         (i)                  $14 a shampoo.         (ii)                $12 a shampoo         (iii)              $10 a shampoo

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