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TP TFC TVC
0 $45 $0
1 45 170
2 45 320
3 45 450
4 45 620
5 45 800
6 45 990
Refer to the above data. If the product price is $185 at its optimal output, exactly how many units should be produced to maximize profits or minimize losses? How much will the profit or loss be?

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M9473749

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