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October 20, 2014

Homework Help: Macroeconomics

Posted by Heather on Tuesday, July 10, 2012 at 7:27pm.

You want to determine the profit-maximizing production quantity for a monopolist. You can ask the firm's consultant to draw the firm's revenue and cost curves, but each curve would cost you $1,000. From the following list indicate which curves you will request and why? a) Average total cost, b) average fixed cost, c) average variable cost, d) marginal cost, e) demand, and f) marginal revenue.

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