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Tragamin Tragamin
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6 years ago
A price-making business must follow the one-price rule and faces the following demand schedule: at prices of $7, $6, $5, $4, and $3, quantity demanded is 300, 400, 500, 600, and 700 units respectively. If the business's marginal cost is constant at $150, it maximizes profits by producing
A) 700 units and charging a price of $3.
B) 600 units and charging a price of $4.
C) 500 units and charging a price of $5.
D) 400 units and charging a price of $6.
E) 300 units and charging a price of $7.
Textbook 
Microeconomics for Life: Smart Choices for You

Microeconomics for Life: Smart Choices for You


Edition: 2nd
Author:
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holymanholyman
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6 years ago
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