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1 Suppose that a firm has estimated it's inverse demand curve as P= 1 267 . 0.08q. where P if the price per unit and

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1 Suppose that a firm has estimated it's inverse demand curve as P= 1 267 . 0.08q. where P if the price per unit and qis the quantity of units produced What R the firm's marginal revenue equal to when it produces 2.644 units? Please round to two decimal places. [no arower) Comed Answer 043.96 2 You're running a small firm, and you have an estimate of both your cost function and your demand curve. Your cost function is TC-731-170+4 2 while your Inverse demand curve is P-809-0.5q where P is the price of one unit of your output and a is the quantity of units produced and sold If you wanted to maximize revenue, what quantity would you produce? Please round your answer to the nearest whole number fuel no decimal places Ino answer] Correct Ammer BOP

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