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Managerial Economics 2nd Edition by William Boyes
Edition 2ISBN: 978-0618988624Managerial Economics 2nd Edition by William Boyes
Edition 2ISBN: 978-0618988624 Exercise 2
The following demand and marginal cost equations represent the demand for some service inside the firm. At what price should the service be sold? Would it matter whether there was an external market for this service?
The demand function
P = 30 - 2Q
The marginal cost function: MC = 20.
The demand function
P = 30 - 2Q
The marginal cost function: MC = 20.
Explanation
Verified
Verified
Internal markets:
Internal market is th...
Managerial Economics 2nd Edition by William Boyes
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