6 0.5 points The maximum revenue of firm A is 100 mil by producing 200 units...

 

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6 0.5 points The maximum revenue of firm A is 100 mil by producing 200 units of output. But if it were to yield the maximum profits of 50 mil, it needs to produce 150 units of outputs. Assuming that the board of directors sets a target to achieve 30 mil profits for that year, which requires the firm to produce 100 units. How much quantity of outputs will the firm produce according to Baumol's Theory of Sales Revenue Maximization? not able to determine 200 more than 150 100 6 0.5 points The maximum revenue of firm A is 100 mil by producing 200 units of output. But if it were to yield the maximum profits of 50 mil, it needs to produce 150 units of outputs. Assuming that the board of directors sets a target to achieve 30 mil profits for that year, which requires the firm to produce 100 units. How much quantity of outputs will the firm produce according to Baumol's Theory of Sales Revenue Maximization? not able to determine 200 more than 150 100

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