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a) suppose you have 10 individuals with values $ (1,2,3,4,5,6,7,8,9,10). your Marginal Cost of production is $2.50. What is the profit maximizing price?

b) Your boss tells you that price cannot drop below $9 because you cannot earn enough profit o cover your fixed cost. what should you tell her?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M945692

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