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Question 5 Johnny Rockabilly has just finished recording his latest CD. His record company's marketing department determines that the demand for the CD is as

Question 5

Johnny Rockabilly has just finished recording his latest CD. His record company's marketing department determines that the demand for the CD is as follows:

Price (P)Number of CDs (Q)

$2410,000

2220,000

2030,000

1840,000

1650,000

1460,000

The company can produce the CD with no fixed cost and a variable cost of $5 per CD.

How do I calculate the marginal cost?

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