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A firm has an original ATC of $1.2 million mainly consisting of R&D costs. The firm wants to estimate doubling time for its market, and

A firm has an original ATC of $1.2 million mainly consisting of R&D costs. The firm wants to estimate doubling time for its market, and anticipates growth rates of 8% - 9%.

Find the following and show your calculation:

Market Growth Rate
Doubling Time in Years
ATC After the Market Doubles 90% EC

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