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Question: 1 s2104 clancy the owner of clancy farms can produce...

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1. S2.1.04 Clancy, the owner of Clancy Farms, can produce up to 1300 barrels of corn on his farm. His seasonal cost is C(q) = 550+ 804-0.0292 When q barrels of corn are sold to the market, his seasonal revenue is 127q-0.04q2 Determine the marginal revenue and marginal cost at q = 940 MC(940) - MR(940) Since the marginal cost is less than the marginal revenue at q-940, the quantity should be increased so that profit is maximized. The output level that maximizes profit is

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