If the cost function for Johns Shoe Repair is C(q) = 100 + 10q - q 2
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If the cost function for John’s Shoe Repair is C(q) = 100 + 10q - q2 + 1/3q3, and its marginal cost function is MC = 10 - 2q + q2, what is its profit-maximizing condition given that the market price is p?
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Cq 100 10q q 2 13q 3 MC 10 2q q 2 For a compe...View the full answer
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