Ajax is a medium firm / industry is dominated by one large firm. Ajax produces a product similar one
Question: Ajax is a medium firm / industry is dominated by one large firm. Ajax produces a product similar one the large firm makes. Ajax charges same price as large firm. The price is $20,000
Ajax has the following short run cost curve
TC = 800,000 - 5,000Q + 100Q²
a. Compute marginal cost curve
b. Given ajax strategy to charge same as large company what is the marginal revenue function?
Price: $2.99
Answer: The solution file consists of 1 page
Deliverables: Word Document
Deliverables: Word Document
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