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Assignment
Optimal Pricing for an Aggregate Demand Curve
The table below shows the hypothetical prices and quantities demanded of a software product. Assume that the fixed cost of setting up the production of software is $200 and the marginal cost is $5.
Solution:
Price ($)
Quantity sold
Revenue
TC
MR
MC
Profit
Elasticity
40
0
o
35
10
350
30
20
600
250
25
750
150
800
50
15
-50
60
-150
5
70
-250
80
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