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If the price is $10 and marginal revenue equals marginal cost at $7 at a quantity of 400 lbs. If the firm's profit at that
If the price is $10 and marginal revenue equals marginal cost at $7 at a quantity of 400 lbs. If the firm's profit at that point is $800, find the average total cost.
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$10
$7
$8
$9
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