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Assume a competitive firm faces a market price of $100, a cost curve of: C=0.003q + 50q + 750, and a marginal cost curve of:
Assume a competitive firm faces a market price of $100, a cost curve of: C=0.003q + 50q + 750, and a marginal cost curve of: MC = 0.009q? + 50. If a specific tax of $7 per unit is implemented, what would be the new equilibrium output level? It would be units. (round your answer to two decimal places)
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Managerial Economics A Problem Solving Approach
Authors: Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
4th edition
1305259335, 978-1305259331
