2. Economics
3. computer memory chips are produced on wafers each wafer having...

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

###### Question details

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