Question
You manage a firm in a perfectly competitive market with market demand given by P = 45 Q. The market equilibrium price is $55. Your
You manage a firm in a perfectly competitive market with market demand given by P = 45 Q. The market equilibrium price is $55. Your firm's cost function is C = 12 + 2Q . Your firm's marginal revenue is::
a) $55
b) MR = 45 - 2Q
c) $110
d) MR = 90 - 2Q
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Design And Analysis Of Experiments
Authors: Douglas C., Montgomery
5th Edition
978-0471316497, 0471316490
