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4. The manufacture of high-quality flatbed scanners is trying to decide what price to set for its product. The costs of production and the demand for the product are assumed to be as follows: TC = 500,000 + 0.85Q + 0.015Q2 and Q =14,166 - 16.6P.
B. Plot this information on a graph showing AC, AVC, MC, P and MR.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91057518

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