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Use the following table to answer questions 4-6. Quantity Total Cost MC 0 30 40 45 60 80 l 2 3 4 5 110 DO
Use the following table to answer questions 4-6. Quantity Total Cost MC 0 30 40 45 60 80 l 2 3 4 5 110 DO NOT POST THESE ANSWERS ONLINE BFW Publishers 2019 . Fill in the MC and MR columns if the price of the product is $25. Continued on the following page. . Use the optimum output (prot maximization) rule to determine the prot-maximizing output and the rm's prot at that level of output. . Calculate the rm's prot if they produce one more unit of output than you determined in question 5. Use marginal analysis to explain what happens to prot when the rm produces one more
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