If marginal revenue is -0.0062+1,322 and the cost per unit is 0.9, how much do profits increase by when output is expanded from 94 units to 145 units? Please round your answer to the nearest whole number.
If marginal revenue is -0.0062+1,322 and the cost per unit is 0.9, how much do profits increase by when output is expanded from 94 units to 145 units? Please round your answer to the nearest whole number.
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter3: Benefits, Costs, And Decisions
Section: Chapter Questions
Problem 7MC
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