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Microeconomics: Principles & Policy

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

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Chapter
Section
BuyFindarrow_forward

Microeconomics: Principles & Policy

14th Edition
William J. Baumol + 2 others
Publisher: Cengage Learning
ISBN: 9781337794992
Chapter 8, Problem 8TY
Textbook Problem
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A firm has the demand and total cost schedules given in the following table. If it wants to maximize profits, how much output should it produce?

Quantity Price Total Cost
1 $6 $11.00
2 5 2.50
3 4 6.00
4 3 7.00
5 2 11.00

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