The table shows cost and revenue data for a clinic. Calculate the clinics marginal cost, marginal revenue,
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The table shows cost and revenue data for a clinic. Calculate the clinic’s marginal cost, marginal revenue, and profits at each volume. Which price maximizes its profits?
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Surgeries Price 250 $2,000 Revenue $500,000 Cost 300 $1,920 $576,000 $516,000 $538,500 350 400 $1,800 $1,675 $630,000 $670,000 $563,500 $591,000 450 $1,550 $697,500 $621,000
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