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Frank is an ice-cream maker. He has developed a recipe by using low fat yogurt. Suppose that the marginal cost of producing one scoop of
Frank is an ice-cream maker. He has developed a recipe by using low fat yogurt. Suppose that the marginal cost of producing one scoop of this special ice cream is $0.40 and there is no fixed cost. The demand for Frank's special ice cream per hour is given by the table below.
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