Economics: Private and Public Choice
Economics: Private and Public Choice
16th Edition
ISBN: 9781337642224
Author: James D. Gwartney; Richard L. Stroup; Russell S. Sobel
Publisher: Cengage Learning US
Question
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Chapter 24, Problem 13CQ

(a)

To determine

Total revenue, marginal revenue, fixed cost, and total cost and fill the table.

(b)

To determine

Maximizing profit by charging price of $55.

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