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Business, 11.02.2020 20:02 greenclonetroop6q2tg

Suppose your firm has a marginal revenue given by the equation MR equals 10 minus Upper Q, where Q is the quantity produced and sold. This means that the seventh unit of output brings in 10 minus 7 equals $ 3 of additional revenue. The marginal cost for your firm is given by the equation MC equals 2 plus Upper Q. This means that the seventh unit of output increases the marginal cost by 2 plus 7 equals $ 9.

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Suppose your firm has a marginal revenue given by the equation MR equals 10 minus Upper Q, where Q i...
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