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    Using Charts to Show Profit Maximization

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    Create a chart that will show profit maximization for a perfectly competitive firm. Make up all the necessary data and formulas. Show how marginal revenue and marginal profit relate to profit maximization.

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    https://brainmass.com/economics/macroeconomics/using-charts-to-show-profit-maximization-534101

    Solution Preview

    This Excel chart uses made-up data and formulas to show profit maximization for a perfectly competitive firm.
    Because the firm is in a perfectly competitive market, its Price (P) is constant at an arbitrary value of $10. The firm's Total ...

    Solution Summary

    This solution uses made-up data and formulas to show profit maximization for a perfectly competitive firm. The data is presented in a chart and every step in the process of finding the profit-maximizing point is explained in detail.

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