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2.a) Suppose that Firm A produces detergent. The firm asks you how much to charge to maximize profits. The first two columns of the following
2.a) Suppose that Firm A produces detergent. The firm asks you how much to charge to maximize profits. The first two columns of the following tableprovide the price and quantity for the demand curve. The third column shows its total costs. For each level of output, calculate total revenue, marginal revenue, average cost, and marginal cost. What is the profit-maximizing level of output for the firm and how much will the firm earn in profits?
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