Suppose that you can sell as much of a product as you want at $100 per unit.
Question:
Suppose that you can sell as much of a product as you want at $100 per unit. Your marginal cost is: MC = 2Q. Your fixed cost is $50. What is the optimal output level? What is the optimal output, if your fixed cost is $60?
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Setting the marginal revenue of 100 equal to t...View the full answer
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Related Book For 
Managerial Economics and Organizational Architecture
ISBN: 978-0073375823
5th edition
Authors: James Brickley, Jerold Zimmerman, Clifford W. Smith Jr
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