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What would the profit-maximizing level of output be

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Reference no: EM131581777

Question: Continuing with the bicycle firm described in the previous problem, consider how the firm's decision-making will change as the price of bicycles changes. For each of the following, make a new table.

a. If the price per bicycle were $100, what would the profit-maximizing level of output be? How much profit would the firm make?

b. If the price per bicycle were $20, what would the profit-maximizing level of output be? How much profit would the firm make?

Reference no: EM131581777

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