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Question: the graph contains information on the longrun equilibrium situation faced...

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The graph contains information on the long-run equilibrium situation faced by Pattys Frozen Pizzas. Use the information to answer the questions Notice that quantities in the graph are in thousands. Determine Pattys profit-maximizing price and profit-maximizing quantity. Price $10- Average total cost Marginal cos 4 profit-maximizing price: S Demand profit-maximizing quantity: pizzas Marginal revenue 0 10 20 30 40 50 60 70 80 90 100 Quantity (thousands of pizza) At what level of output is Pattys average total cost minimized? output that minimizes average total cost: pizzas Calculate Pattys excess capacity excess capacity: pizzas

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