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A price searcher faces the following demand curve: At $9, $8, $7, and $6, the quantity demanded is 1

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A price searcher faces the following demand curve: At $9, $8, $7, and $6, the quantity demanded is 1

A price searcher faces the following demand curve: At $9, $8, $7, and $6, the quantity demanded is 10, 20, 30, and 40 units, respectively. If the firm's marginal cost is $50 at any level of output, it would maximize net revenues by
A) producing 10 units and charging $9.
B) producing 20 units and charging $8.
C) producing 30 units and charging $7.
D) producing 40 units and charging $6.
E) charging $50 plus markup.

Textbook

The Economic Way of Thinking

Edition: 13^th

Authors: Heyne, Boettke, Prychitko

Read 1140 times

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