Donald is a producer in the perfectly competitive market for cronuts - a pastry that is half croissant, half donut.Total Fixed CostTotal Variable CostQuantity(cronuts)TFC ($)TVC ($)1255125101012518151253220125522512582If Donald's profit-maximising quantity is 20 cronuts, what is the market price per cronut at that quantity? Answer to thenearest whole number (with no decimal places or $ sign).

In financial hypothesis, perfect competition happens when all organizations sell indistinguishable…

Answered: onald's profit-maximising quantity is…

onald's profit-maximising quantity is 20 cronuts, what is the market price per cronut at that quantity? Answer to t rest whole number (with no decimal places or $ sign).

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter3: Demand Analysis

Section: Chapter Questions

Problem 1.7CE

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Question

Donald is a producer in the perfectly competitive market for cronuts - a pastry that is half croissant, half donut.
Total Fixed Cost
Total Variable Cost
Quantity
(cronuts)
TFC ($)
TVC ($)
125
5
125
10
10
125
18
15
125
32
20
125
52
25
125
82
If Donald's profit-maximising quantity is 20 cronuts, what is the market price per cronut at that quantity? Answer to the
nearest whole number (with no decimal places or $ sign).

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