saarbear103 saarbear103

10-12-2022
Social Studies

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The price charged for goods produced is $28. The intersection of the marginal revenue and marginal cost curves occurs where output is 50 units and marginal revenue is $18. The socially efficient level of production is 100 units. The demand curve is linear and downward sloping, and the marginal cost curve 4 marks is linear and upward sloping.

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