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Suppose that firm that makes lithium batteries is a price taker. The firm's marginal cost if given by: MC= 8 +14q. The price it
Suppose that firm that makes lithium batteries is a price taker. The firm's marginal cost if given by: MC= 8 +14q. The price it can sell batteries at is $540 per unit. Calculate the profit-maximizing quantity of batteries for the firm. (Round to the nearest 2 decimal places if necessary.)
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