Question: Suppose that firm that makes lithium batteries is a price taker. The firm's marginal cost if given by: MC= 10 +10q. The price it can

  • Suppose that firm that makes lithium batteries is a price taker. The firm's marginal cost if given by: MC= 10 +10q. The price it can sell batteries at is $110 per unit. Calculate the profit-maximizing quantity of batteries for the firm.



 

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