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Suppose your firm faces a demand curve of p 90 - 30q and

Suppose your firm faces a demand curve of (P = 90 - .30Q) and the marginal cost of production is $10/ unit. Find the profit- maximizing output and price. Is this outcome on the elastic, inelastic, or unitary elastic part of the demand curve? What are your profits if you ignore any fixed costs?

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Basic Computer Science: Suppose your firm faces a demand curve of p 90 - 30q and

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Basic Computer Science: Suppose your firm faces a demand curve of p 90 - 30q and

Reference No:- TGS02303125

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