Graph the firm’s profit as a function of the price of good 2

Reference no: EM131204598

A firm has a production technology that permits it to turn 1 unit of good 1 into 2 units of good 2. If the price of good 1 is 1, at what price for good 2 will the firm just break even? Graph the firm's profit as a function of the price of good 2.

Reference no: EM131204598

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