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Draw a table for q

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Problem 1: Draw a table for Q, Price, TC, MC, MR and profits. Start the price at the number of letters in your first and last names combined for Q = 1, and then reduce the price as Q increases. For costs, begin with TC = 4 at Q = 1, then you may use any numbers you like for costs. You may need to play around with the numbers to make this work out. Show that MR = MC at profit maximization.

Reference no: EM132701257

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