Marginal Cost Assignment | Homework For You

A. Calculate marginal cost. If the price of a barrel in the market is $20, how many barrels will the firm produce? CLICK HERE TO PLACE AN ORDER b. Suppose the price in the market falls to $12 per barrel. How many barrels will this firm produce in order to maximize profits? c. Suppose an improvement in technology shifts total costs down by $8 at …

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