Discuss how much output should the firm produce, Macroeconomics

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Discuss how much output should the firm produce

A firm sells its product in a completely competitive market where other firms charge a price of $80 per unit. The firm's total costs are C (Q) = 50 + 12Q + 2Q².

1. Discuss how much output should the firm produce in the short run?

2. Determine what price should the firm charge in the short run?

3. Calculate the firm's short-run profits?

4. Explain what adjustments should be anticipated in the long run?

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Macroeconomics: Discuss how much output should the firm produce

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Macroeconomics: Discuss how much output should the firm produce

Reference No:- TGS0871148

Have a Question? (oR Write a Review)

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Macroeconomics: Discuss how much output should the firm produce

Reference No:- TGS0871148

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