-Refer to the information above.Assume that the output price rises from $2 to $2.50.The profit-maximizing level of output is now _______ and the firm will earn a _________.
A) 200;profit of $128
B) 200;profit of $178
C) 160;profit of $140
D) 160;profit of $190
E) 120;profit of $124
Correct Answer:
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Q53: The price equals marginal cost rule for
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