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The diamond company has a monopoly in their market. The marginal cost to produce 1 carat of diamonds is $5 000, and the average total
The diamond company has a monopoly in their market. The marginal cost to produce 1 carat of diamonds is $5 000, and the average total cost at current production levels is $6 500. If the diamond company is maximizing their profits then what is their marginal revenue? What is the correct answer. A. greater than 5000 B. less than 5000 C. 5000 D 6500
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Systems analysis and design in a changing world
Authors: John W. Satzinger, Robert B. Jackson, Stephen D. Burd
5th edition
9780324593778, 1423902289, 9781305117204, 324593775, 978-1423902287
