The marginal cost of producing the product is 30. if the, Ask an Expert

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The marginal cost of producing the product is $30. If the firm pays a fee of $50000 to the General Drug Research Council, it can have its product's effectiveness certified. The demand function for a certified product is expected to be P=100-0.003Q

a. find out the price, output, and profit contribution if the product is not certified.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M965262

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