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Your company just spent $5.0 million on a state-ofthe-art production facility. As a result, the marginal cost of producing the product is: MC= 10 +

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Your company just spent $5.0 million on a state-ofthe-art production facility. As a result, the marginal cost of producing the product is: MC= 10 + 0.0001q. If the market price is $60 per unit, you will produce |:| units. If the market price falls to $30 per unit, you will produce |:| units

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