=+b. Show what happens to the firms output choice and profit if the price of the product

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=+b. Show what happens to the firm’s output choice and profit if the price of the product falls from $60 to $50.

R P MC MR R MR P q P P 5 60 C P 5 60 P 5 60 P 5 60 P 5 50 P 5 50 P 5 50 0 60 100 1 60 150 2 60 178 3 60 198 4 60 212 5 60 230 6 60 250 7 60 272 8 60 310 9 60 355 10 60 410 11 60 475

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Microeconomics

ISBN: 9781292081977

8th Global Edition

Authors: Robert S. Pindyck, Daniel L. Rubinfeld

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Question Posted: Oct 25, 2024 04:01 AM

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=+b. Show what happens to the firms output choice and profit if the price of the product falls from $60 to $50. R P MC MR R MR P q P P 5 60 C P 5 60 P 5 60 P 5 60 P 5 50 P 5 50 P 5 50 0 60 100 1 60...
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=+b. Show what happens to the firms output choice and profit if the price of the product

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Microeconomics

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