What rate of output maximizes total profit

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Reference no: EM133364136

Questions:

a. What rate of output maximizes total profit?

b. What is the MR at that rate of output?

c. What is the price?

d. If output is increased by 1 pound beyond that point, MC is

e. If the firm expands production beyond the profit-maximizing quantity, profits will

Reference no: EM133364136

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