Profit maximizing level of output if market price rose
Current price of a case of toothpaste is $42.00, and the CPI has estimated its marginal cost function to be as follows: MC=.006Q. What would happen to the profit maximizing level of output if the market price suddenly rose to $54 per case.
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Estimated its marginal cost function to be as follows: MC=.006Q. What would happen to the profit maximizing level of output if the market price suddenly rose to $54 per case.
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