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Suppose Chris is a potter who makes mugs. His total costs depend on the number of mugs he makes each day, as shown in the table below.
Number ofMugs Per Day Total CostPer Day
0 $10
1 $14
2 $19
3 $25
4 $32
5 $40
6 $49
If the market for mugs is perfectly competitive, and mugs sell for $7.50 each, then Chris should make ______ mugs per day.
0
4
5
6
The total cost per day seems to rise by 1 per mug but having trouble with the "sweet spot" calculation/rationale.
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