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How much net (i.e. after tax) profit does a firm make if it produces 440 units of a good at an average cost of $3.40
- How much net (i.e. after tax) profit does a firm make if it produces 440 units of a good at an average cost of $3.40 each, and pays $0.15 tax to the government on each unit sold at the market price of $3.95, assuming it sells everything it produces?
- For the demand schedule P = 24 0.125Q, calculate point elasticity of demand when price is $15.
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Foundations of Macroeconomics
Authors: Robin Bade, Michael Parkin
6th edition
132831007, 978-0132831000
