Qestion 1 a firm faces the marginal revenue schedule mr , Ask an Expert

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Question: 1. A firm faces the marginal revenue schedule MR = 80 - 2q and the marginal cost schedule MC = 15 + 0.5q where q is quantity produced. You know that a firm maximizes profit when MC = MR. What will the profit-maximizing output be?

2. Refer to Table, write an expression for the average height of the first n students observed and evaluate for n = 6.

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