Suppose a price-taking firm has the following total cost schedule: 
(A)Calculate marginal cost.If the price in the market is $15,how many units will the firm produce?
(B)Suppose the price in the market falls to $10 per unit.How many units of output will this firm produce in order to maximize profits?
(C)Suppose there is an improvement in technology that shifts total costs down by $10 at every level of production.How much will the firm produce,and what will profits be at a price of $15 and at a price of $5?
Definitions:
Sales Presentations
Structured talks or demonstrations given to potential buyers with the objective of promoting a product or service.
Sales Strategy
A plan or approach designed to promote and sell a product or service effectively, maximizing revenue and market share.
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The progression of stages or steps a salesperson can take in their career, from entry-level positions to senior sales roles or management.
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Originally a company known for its photocopying products, the term Xerox also colloquially refers to the act of photocopying.
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