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Question
| Output | Price per Book ($) | Marginal Cost |
| 0 | 8.00 | 0 |
| 1 | 7.00 | 1.00 |
| 2 | 6.00 | 2.00 |
| 3 | 5.00 | 3.00 |
| 4 | 4.00 | 4.00 |
The above table depicts prices, quantities, and marginal costs faced by the campus bookstore.
Based on marginal analysis, what is the profit -maximizing level of output for the bookstore?
A) 1 book
B) 2 books
C) 3 books
D) 4 books
Answer
This answer is hidden. It contains 1 characters.
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