A competitive firms short run total cost function is given
A competitive firm's short run total cost function is given by
(a) Calculate the profit maximizing output and the resulting profit when price is $30.
(b) Calculate the profit maximizing output and the resulting profit when price is $80.
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a competitive firms short run total cost function is given bya calculate the profit maximizing output and the resulting
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in a perfectly competitive industry each producer has a long run total cost function given byltcq3-24q2200qwhere q
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