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Use the following to answer question: Use the following to answer question:   -(Table: Total Cost and Output) Use Table: Total Cost and Output,which describes Sergei's total costs for his perfectly competitive all-natural ice cream firm.If the market price of a tub of ice cream is $20,how many tubs of ice cream will Sergei produce in the short run? A) 0 B) 1 C) 2 D) 3
-(Table: Total Cost and Output) Use Table: Total Cost and Output,which describes Sergei's total costs for his perfectly competitive all-natural ice cream firm.If the market price of a tub of ice cream is $20,how many tubs of ice cream will Sergei produce in the short run?


Definitions:

Percentage

A rate, number, or amount in each hundred, represented by the symbol “%,” used to express proportions and ratios.

Hundred

A numerical value representing ten groups of ten, or the number following ninety-nine.

Deci-

A prefix denoting a factor of one-tenth in metric units of measure.

0.1

A decimal number representing one-tenth, highlighting the concept of division in the decimal system.

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