Question: A manufacturing process has marginal costs given in the table; the item sells for $30 per unit. At how many quantities, q, does the profit
A manufacturing process has marginal costs given in the table; the item sells for $30 per unit. At how many quantities, q, does the profit appear to be a maximum? In what intervals do these quantities appear to lie?

9 0 10 20 30 40 50 60 MC ($/unit) 34 23 18 19 26 39 58
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We have MR 30 for all quantities q The profit is a maximum when MC MR and MC MR to the left of the ... View full answer
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