Following Table Gives Information About the Price,number of Units Sold,and

question 14

Essay

Following table gives information about the price,number of units sold,and total costs incurred for a product.Use the concept of marginal analysis and find the optimal price for the product.

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Definitions:

Undie Run

A public event where participants run in their underwear to raise awareness for a cause or simply for fun.

Emergent Norms

Social behavior norms that develop during events where existing cultural norms do not apply or are unclear.

Collective Behavior

Actions and phenomena that emerge suddenly in a social context, distanced from well-established norms or conventions.

Agglomeration

The clustering of businesses, services, or resources in a specific area, often leading to economic benefits.