04 Jun Question 1.EXAMPLE of MR=MC How about if we try an
Question
1.EXAMPLE of MR=MC How about if we try an EXAMPLE of MR=MC for a perfectly competitive firm? (TCO C) Answer the next question on the basis of the following information for a purely competitive firm: Output————Price————Total Cost —-0————–$100—————$100
—-1————–$100—————$260 —-2————–$100—————$290 —-3————–$100—————$350 —-4————–$100—————$480 —-5————–$100—————$700 How many units would the above profit-maximizing firm produce?
2.Suppose you were instantly promoted to the CEO of your company Kaiser Permanente. Would you control costs any differently than the current approach? Please provide References
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