A perfectly competitive market has a market price of $94. At…

A perfectly competitive market has a market price of $94. At an output quantity of 14 units, marginal cost is minimized at $81. At an output quantity of 20 units, marginal cost is $94. At an output quantity of 33 units, marginal cost is $98. What is the proft maximizing price?

Astromech Corporation makes and sells pencil sharpeners. The…

Astromech Corporation makes and sells pencil sharpeners. They sell their pencil sharpeners for $28.06 each. They have fixed costs of $3,500 and variable costs per unit are $15. In order to break even, the company must earn $_____.00 in Total Revenues. (Enter only the dollar value, no decimals, and no dollar sign.)