Business, 13.08.2020 18:01 mariagoldgames

The marginal revenue of the last bowl of soup a restaurant (in a perfectly competitive market) produced was $11 and its marginal cost was $4. Each time the restaurant produces an additional bowl of soup the marginal cost increases by 20% relative to the previous bowl. The restaurant should:

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The marginal revenue of the last bowl of soup a restaurant (in a perfectly competitive market) produ...

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