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Computer memory chips are produced on wafers

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Computer memory chips are produced on wafers, each wafer having many separate chips that are separated and sold. The table below shows total costs for a perfectly competitive producer of computer memory chips. If the market price of a wafer is $2,400, how many wafers per hour the firm should produce to maximize profits

Q (per hour) Total cost

1 7900

2 8800

3 9900

4 11600

5 13200

6 18000

Reference no: EM132227746

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