(Solution) - A price taking firm makes air conditioners The market price -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

Paper Format: APA

Pages: 5 Words: 1375

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A price taking firm makes air conditioners. The market price of one of their new air conditioners is $120. The firm?s total cost information is given in the tables below:
Air conditioners per day Total cost ($ per day)
1??????????????.. 100
2??????????????.. 150
3??????????????.. 220
4??????????????.. 310
5??????????????.. 405
6??????????????.. 510
7??????????????.. 650
8??????????????.. 800
How many air conditioners should the firm produce per day if its goal is to maximize its profit?