Use the table below to answer the following questions. Table 11.2.5 ...
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Use the table below to answer the following questions. Table 11.2.5
Refer to Table 11.2.5. Archibald's Tattoos is a perfectly competitive firm. The firm's total costs are shown in the table. If the price of a tattoo is $12.50, Archibald's economic profit is
| Quantity(tattoos per hour) | Total cost(dollars per hour) |
| 0 | 10 |
| 1 | 25 |
| 2 | 35 |
| 3 | 50 |
| 4 | 70 |
| 5 | 95 |
| 6 | 125 |
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