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The Demand Curve and Marginal Revenue Curve for Red Rubber

Question 128

Multiple Choice

The demand curve and marginal revenue curve for red rubber balls are given as follows: Q = 16 - P MR = 16 - 2Q
What level of output maximizes profit?

A) 0
B) 4
C) 5.5
D) 6
E) B, C and D all maximize profit.

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