Econ assignment 5

Question The manufacturer of high-quality flatbed scanners is trying to decide what price to set for its product. The costs of production and the demand for the product are assumed to be as follows: a) Determine the short-run profit-maximizing price b) Plot this information on a graph showing AC AVC MC P and MR. For Question b) using quantity from 1 to 20. a) P=3.4- TR= MR= MC=

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