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Marginal Cost of Production

eBook (PDF), 4 Pages
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Price: $5.99
"Suppose you are the manager of a watchmaking firm operating in a competitive market. Your cost of production is given by C = 200 +2 q2, where q is the level of output and C is total cost. (The marginal cost of production is 4q. The fixed cost of production is $200.) (a) If the price of watches is $100, how many watches should you produce to maximize profit? (b) What will the profit level be? (c) At what minimum price will the firm produce a positive output? "
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Product Details

Published
July 4, 2013
Language
English
Pages
4
File Format
PDF
File Size
637.2 KB
Product ID
21098508

Formats for this Ebook

PDF
Required Software Any PDF Reader, Apple Preview
Supported Devices Windows PC/PocketPC, Mac OS, Linux OS, Apple iPhone/iPod Touch... (See More)
# of Devices Unlimited
Flowing Text / Pages Pages
Printable? Yes
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