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Price Total Cost Marginal Cost Total Revenue Marginal Revenue Avg Total Cost 0 12 01 11 5 2 10 8 3 9 11 4 8 16 5 7 25 6 6 36 7 5 49 8 4 64 9 3 81 10 2 100 1

Price Total Cost Marginal Cost Total Revenue Marginal Revenue Avg Total Cost 0 12 0 --------------------- ----------------- 1 11 5 2 10 8 3 9 11 4 8 16 5 7 25 6 6 36 7 5 49 8 4 64 9 3 81 10 2 100 1. What price will be charged by this firm in the short-run? 2. What quantity will be sold by this firm in the short-run? 3. What profit will be earned by this firm in the short-run?

Apr 10 2020 View more View Less

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