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Congratulations, you are now one of the proud owners of a Beef Soda factory in the price-taking Beef Soda industry. The short-run costs for your
Congratulations, you are now one of the proud owners of a Beef Soda factory in the price-taking Beef Soda industry. The short-run costs for your factory are given below. Show all work. Quantity 012345678 (barrels) TotalCOSt 101416171922263137 1. Suppose the market price in this industry is $6 per barrel. 3) Comparing MR to MC, what is your prot-maximizing quantity? b) How much prot would you make at this price? 2. Suppose the market price in this industry is $4 per barrel. 3) Comparing MR to MC, what is your prot-maximizing quantity? b) How much prot would you make at this price
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