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1.Joachim Lw sells soccer balls in front of the soccer stadium. Joachim is the only supplier of soccer balls around the stadium. Assume his costs
1.Joachim Lw sells soccer balls in front of the soccer stadium. Joachim is the only supplier of soccer balls around the stadium. Assume his costs are zero because the balls are donated to him. 1a When he first started his business, the inverse demand curve for soccer balls was p() = 100 - y. where the price is measured in dollars and y measures the number of soccer balls sold. Plot the inverse demand curve as well as the marginal revenue curve. 1b What level of output will maximize joachim's profits? What price will joachim charge per soccer ball
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