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3. Use the graph shown to complete the following questions by correct answer Price and costs (dollars) 50 40 40 30 20 20 10
3. Use the graph shown to complete the following questions by correct answer Price and costs (dollars) 50 40 40 30 20 20 10 LMC LAC Q 0 1,000 2,000 3,000 4,000 5,000 6,000 Quantity a) If price is $30, the firm marginal revenue is (1.5 Marks) b) The optimal level of output in this period is--- (1.5 Marks)
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Accounting for Governmental and Nonprofit Entities
Authors: Jacqueline Reck, Suzanne Lowensohn, Earl Wilson
17th edition
78025826, 978-1259564239, 1259564231, 978-0078025822
