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Jim operates a bagel shop in a market where he takes the

Jim operates a bagel shop in a market where he takes the price of $1 per bagel as given. His total cost of production is given by TC(q) = 5 + 0.01q²and his marginal cost of production is given by MC(q) = 0.02q. At his profit maximizing output level of q* = ______, Jim earns ______ profit.

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Business Economics: Jim operates a bagel shop in a market where he takes the

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