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Peter Morgan Sells Pigeon Pies from His Pushcart in Central

Question 52

Multiple Choice

Peter Morgan sells pigeon pies from his pushcart in Central Park.Due to the abundant supplies of raw materials, his costs are zero.The demand schedule for his pigeon pies is p(y) = 80 - y/4.What level of output will maximize Peter's profits?


A) 164
B) 480
C) 32
D) 320
E) None of the above

Correct Answer:

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