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A bakery in a remote town faces essentially no competition. The weekly demand for its famous morning buns is given by 800 - 200p, where
A bakery in a remote town faces essentially no competition. The weekly demand for its famous morning buns is given by 800 - 200p, where p is the price per bun. Currently, the bakery is charging $2.55 per bun. Assume that the baker aced Managerial Economics and chose the profit maximizing price. What is the marginal cost of the morning buns? Group of answer choices Impossible to tell (i.e., no enough information) $1.20 $0.90 $1.10 $1.00
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