Posted by: dabbamanche September 27, 2011
Microeconomics Question
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 and the two related questions:

b.                   If the product can be sold for $0.75 per unit, what is the optimal level of output?

 

c.                  Find the level of profit at the optimal level of output.  Explain what would happen if the firm produced one more unit of output in terms of marginal cost and marginal revenue.

Appreciate all the help I can get, along with the explanations for b and c.  Thanks!

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