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calculate firms maximum profit (show calculations) Profit = TR-TC AVC-VC/Q -TC/Q ATC - MR change in TR / change in Q MC change in TC
calculate firms maximum profit (show calculations)
Profit = TR-TC AVC-VC/Q -TC/Q ATC - MR change in TR / change in Q MC change in TC / change in Q Q 18 27 36 45 Price ($) 200 180 160 140 120 100 MR($) 180 140 100 60 20 ATC ($) 8.88 3.66 4.55 6.33 9.33 8.88 7.3 14.06 25.93 47.40
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Introduction to Econometrics
Authors: James H. Stock, Mark W. Watson
3rd edition
133595420, 978-0138009007, 138009007, 978-0133486872, 133486877, 978-0133595420
