3. Assume a firm is facing the market demand curve: q = 100-2p, its total cost function is: c(q) = 2q?. a. What is the firm's marginal revenue? b. What is the firm's marginal cost? c. What is the...


3. Assume a firm is facing the market demand curve: q = 100-2p, its total cost<br>function is: c(q) = 2q?.<br>a. What is the firm's marginal revenue?<br>b. What is the firm's marginal cost?<br>c. What is the output level

Extracted text: 3. Assume a firm is facing the market demand curve: q = 100-2p, its total cost function is: c(q) = 2q?. a. What is the firm's marginal revenue? b. What is the firm's marginal cost? c. What is the output level "q" when the firm is maximizing its profit? d. What is the firm's maximum profit?

Jun 09, 2022
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