Below is a Economics question that I need help on. If you can help please bid.
Complete a table for Q, Price, TC, MC, MR and profits. This time start the price at the number of letters in your first and last names combined for Q = 1, and then reduce the price as Q increases. For costs, begin with TC = 3 at Q = 1, then you may use any numbers you like for costs. You may need to play around with the numbers to make this work out. Show that MR = MC at profit maximization. Graph MR, MC and P and show the profit maximizing level of output. (You don’t need to graph ATC and show the profit rectangle).
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