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Colin goes into business selling homemade Stuffed Animals with fixed costs of $30 and a (constant) marginal cost of production = $80. The demand curve
Colin goes into business selling homemade Stuffed Animals with fixed costs of $30 and a (constant) marginal cost of production = $80. The demand curve is: Q Price 1 $115 2 $110 3 $105 4 $100 5 $95 6 $90 Profit maximizing profits
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Microeconomics
Authors: Douglas Bernheim, Michael Whinston
2nd edition
73375853, 978-0073375854
