Home / Questions / Find the price at which the firm sells the product Suppose that a firm maximizes
Find the price at which the firm sells the
product
Suppose that a firm maximizes its total profits and has a
marginal cost (MC) of production of $8 and the price elasticity of demand for
the product it sells is (-)3 Find the price at which the firm sells the
product (Use equation (3012) and to maximize the profits, MR has to equal MC
Please show all work and explain answer
Mar 17 2020 View more View Less
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