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Suppose that a firm wishes to dispose of 500,000 shares. Table 1 summarizes the various bids for blocks of shares. In this auction, the lowest bid disposes all the shares. Suppose that the seller retains the right to accept any submitted price. If the objective is to maximize revenues, the seller will raise:
a. $15 million.
b. $14 million.
c. $16 million.
d. $26 million.
e. $13.5 million.
Identify the profit maximizing quantity for the firm (Q M), price (P M), Marginal Revenue (MR), and Marginal Cost (MC) at this profit maximizing quantity. e. Explain in plain English why a smaller quantity than Q M does not maximize profit.
your richrelative died and left you 100000 which you decided to use for your own internet business.what will be your
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