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Answer and fill out the chart for question 11 on page 213 of the Ayers Collinge (2005) textbook. (Note: You do not need to submit your numbers that...

Answer and fill out the chart for question 11 on page 213 of the Ayers & Collinge (2005) textbook. (Note: You do not need to submit your numbers that you fill in the chart.) a) What output will maximize profit? What is this profit? b) Will output increase if the price rises to $4.50? To $5.25? Explain your answer.

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