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Outp… Show more The following are the demand and total cos

Paper help Economics Outp… Show more The following are the demand and total cos

Economics

Outp… Show more The following are the demand and total cos

Outp… Show more The following are the demand and total cost schedules for Company Town Water, a local monopoly: Output in Gallons Price per Gallon Total Cost 50,000 $0.28 $6,000 100,000 0.26 15,000 150,000 0.22 22,000 200,000 0.20 32,000 250,000 0.16 46,000 300,000 0.12 64,000 How much output will Company Town Water produce, and what price will it charge? Will it earn profit? How much? (Hint: First compute the firm’s MR and MC schedules.) Please read the question carefully and answer ALL parts of the question and show ALL work and expalin answers. • Show less

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