Assume that the market price = $24 and that the marginal revenue (MR) is also = $24

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Assume that the market price = $24 and that the marginal revenue (MR) is also = $24 at all output levels.

The firm plans to produce 3 units of outputs

Given the cost information in the previous question

TC = 5 Q² + 4 Q - 2

MC = 10 Q + 4.

Market price is = 24

Marginal revenue (MR) = 24 at all output levels.

What is the firm's total profit at the profit-maximizing output (the output level you derived in the previous question)?

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Management and Cost Accounting

ISBN: 978-1408093887

8th edition

Authors: Colin Drury

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Posted Date: Apr 28, 2024 10:47 AM

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Assume that the market price = $24 and that the marginal revenue (MR) is also = $24

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Management and Cost Accounting

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