How can you explain the MR=MC equation as the PROFIT MAXIMIZING output level?

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1. How can you explain the MR=MC equation as the PROFIT MAXIMIZING output level?
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2. What would happen to the profit maximizing level of output if the market price suddenly rose to $54 per case? Explain why the
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3. A monopolist faces the price equation P = 1,000 – 0.5Q, and cost is given as TC = 400 + 100Q +2.5Q^2.Determine the profit at
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4. The following diagram shows the cost structure of a monopoly firm as well as market demand. Identify on the graph and calculate
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