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2b profit maximization mc - PowerPoint PPT Presentation

Fig. 1 The Demand Curve Facing the Firm

Price per Bed. $600. 450. 200. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Number of Bed Frames per Day. Fig. 1 The Demand Curve Facing the Firm. Total Revenue = $600 X 2 = $1,200. Total Revenue = $450 X 5 = $2,250. Demand Curve Facing Ned's Beds. Dollars. $3,500. 3,000. 2,500. 2,000.

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2b profit maximization mc - PowerPoint PPT Presentation

Fig. 1 The Demand Curve Facing the Firm