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Question: computer memory chips are produced on wafers each wafer having...

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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 (wafers per hour) Total Cost ($)

1 7,900

2 8,800

3 9,900

4 11,600

5 13,200

6 18,000

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