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Suppose you are the sole producer of commodity X , which was just invented to clean the snow from sidewalks more efficiently, and you have produced enough to sell for two winters. If the quantity you expect to sell in 2012 would yield MR = $ 400 and in 2013 it will be $300, what can you do to try to increase your total profit?

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Microeconomics: Principles & Policy

14th Edition
William J. Baumol + 2 others
Publisher: Cengage Learning
ISBN: 9781337794992

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BuyFindarrow_forward

Microeconomics: Principles & Policy

14th Edition
William J. Baumol + 2 others
Publisher: Cengage Learning
ISBN: 9781337794992
Chapter 19, Problem 5TY
Textbook Problem
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Suppose you are the sole producer of commodity X , which was just invented to clean the snow from sidewalks more efficiently, and you have produced enough to sell for two winters. If the quantity you expect to sell in 2012 would yield MR  =   $ 400 and in 2013 it will be $300, what can you do to try to increase your total profit?

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