If the cost function for John's Shoe Repair is (C(q)=100+10 q-q^{2}+frac{1}{3} q^{3}), and its marginal cost function

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If the cost function for John's Shoe Repair is $C(q)=100+10 q-q^{2}+\frac{1}{3} q^{3}$, and its marginal cost function is $M C=10-2 q+q^{2}$, what is its profit-maximizing condition given that the market price is $p$ ?

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Microeconomics

ISBN: 9781292215624

8th Global Edition

Authors: Jeffrey Perloff

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Question Posted: Mar 16, 2024 07:06 AM

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If the cost function for John's Shoe Repair is (C(q)=100+10 q-q^{2}+frac{1}{3} q^{3}), and its marginal cost function

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Microeconomics

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