4.2 Suppose that you are a manager in Whirlpools appliance division. Your accountants provide you with a
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4.2 Suppose that you are a manager in Whirlpool’s appliance division. Your accountants provide you with a report on costs and revenues. You determine that the cost to produce another top-loading washing machine is $200 and its marginal revenue is $250. Presuming Whirlpool is competing in a monopolistically competitive market, how do you change the quantity and the price of the washing machines?
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