Consider a firm experiencing the demand function and cost function given below. Use these function to calculate
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Question:
Consider a firm experiencing the demand function and cost function given below. Use these function to calculate the required marginal values. If needed, round to the nearest whole number.
Inverse Demand P = 50–2q
Cost Function TC = 86 +74q – 2q2
- Find the marginal revenue at a quantity of 50 units.
- Find the marginal cost at a quantity of 100 units
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