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(Solved): Sunrise Juice Company sells its output in a perfectly competitive market. The firm's total cost func ...



Sunrise Juice Company sells its output in a perfectly competitive market. The firm's total cost function is given in the following schedule: Output (Units) Total Cost ($) 0 50 10 120 20 170 30 210 40 260 50 330 60 430 Total costs include a "normal" return on the time (labor services) and capital that the owner has invested in the firm. The prevailing market price is $7 per unit. What is the firm's profit maximizing output level? ?? ?? ?? ??



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