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Business, 25.11.2019 22:31 jrynokenna

The following hypothetical data is for a period of one month for a farm in canada that produces one commodity in an industry that is theoretically close to perfect competition. machinery costs $1,500, administrative salaries 2,500, utilities and other overhead costs 2,000. following are direct production costs including labour and materials used in making the products for a range of production from 600 units to 1600 units. if the market price is $13.00 per unit, identify the level of production where the net profit will be maximized. calculate the amount of profit at this point and the profit per unit.

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