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    Exam 12: Perfect Competition
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    -Jimmy Grows Corn
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-Jimmy Grows Corn

Question 462

Question 462

Essay

  -Jimmy grows corn. His total revenue and total cost are in the above table. What quantity of corn maximizes his profit and what is his profit? What is the marginal revenue and marginal cost at this quantity?
-Jimmy grows corn. His total revenue and total cost are in the above table. What quantity of corn maximizes his profit and what is his profit? What is the marginal revenue and marginal cost at this quantity?

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Jimmy's profit is greatest if he grows e...

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