Illustrate change in clean-spring profit-maximizing level

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Q. A firm's marginal revenue is $41 and its marginal cost is $19. what amount of profit does the firm fail to pick up if its management refuse to increase by one unit.

Q. Suppose the Clean Springs Water firm has a monopoly on bottled water sales in California. If the price of tap water increases, illustrate what is the change in Clean-Springs' profit-maximizing levels of output, price and profit? Explain in words and with graph.

Reference no: EM1346217

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