Optimal price and optimal production level
Can you assist me get started with this assignment?How does the firm choose the optimal price and the optimal production level so as to maximize its profits?
What is the economic implication behind the rule?
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A cable TV company charges a fee of $28.95 per month for basic service which allows the subscriber to get local channels
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How does the firm choose the optimal price and the optimal production level so as to maximize its profits?
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