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a. calculate TR, MR, and MCb. what is the optimal output level and price this firm will set?some equations:profit=TR-TCATC=TC/QTR=PxQMR=change in TR/change in QTC=FC+VCAVC=VC/QMC=change in TC/change
a. calculate TR, MR, and MCb. what is the optimal output level and price this firm will set?some equations:profit=TR-TCATC=TC/QTR=PxQMR=change in TR/change in QTC=FC+VCAVC=VC/QMC=change in TC/change in QMPL=change in TP/change workers VMPL=MPLxprice
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