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Suppose you have the following demand curve: Q = 4 - 2P. Derive the marginal revenue function. If you also have the total cost function:
Suppose you have the following demand curve: Q = 4 - 2P. Derive the marginal revenue function. If you also have the total cost function: 20** 2 - 210. Derive the marginal cost function. How much will this firm produce and what price will it charge if it is a monopolist (show math)?
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