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3.05 Getting the Most for Your Money

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Javesia McSwain

on 10 August 2014

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Transcript of 3.05 Getting the Most for Your Money

Acne Therapy System
3.05 Getting the Most for Your Money
1.What product market did you choose for this data to represent? Explain why.
I deciding to use the acne therapy system kit for this data to represent because the prices seem to match up to the item.

2. At which price and quantity does marginal cost nearly equal marginal revenue without exceeding it? Highlight this point on your graph.
-I want to say that they most match up about 5 kits.

3. If you were in business for this product, at which price and quantity level would you sell? Explain why.
-I would like to sell this product at 5 because then i would be able to get the biggest profit.
Reflection
Acne Therapy System
Full transcript