Problem
|
Qty
|
Total Cost
|
|
0
|
10
|
|
1
|
25
|
|
2
|
35
|
|
3
|
50
|
|
4
|
70
|
|
5
|
95
|
|
6
|
125
|
Archibald's Tattoos is a perfect competition firm. The firm's costs are shown in the table above. If the market price for a tattoo is $17.50, how many tattoos will be sold to maximize economic profit (numeric value ###) ?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.