Unformatted text preview: and MC = ATC = $4. a). Graph the demand curve. b). Graph total revenue for output levels from 0 to 10 units. c). Graph the marginal revenue at each output level. d). Which output level maximizes profit? e). How high is the maximum profit?...
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This homework help was uploaded on 02/01/2008 for the course ECON 101 taught by Professor Hansen during the Spring '07 term at University of Wisconsin.
- Spring '07