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The Marginal Costs (MC) for a firm is given by the function MC=50x. Please find the Marginal Revenues (MR) for each of the following scenarios (if appropriate). Then, find the profit maximizing production quantity. Does the firm make profits of losses with this quantity?
• For a price of 10, the firm can sell as many units as it wants to.
• The demand function is xp20110?
• The demand function is xp2040?
(Consumer Price Index)Given the following data, what was the value of the consumer price index in the base year? Calculate the annual rate of consumer price inflation in 2013 in ea
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