Explain how much output should the firm produce, Macroeconomics

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Explain how much output should the firm produce

A firm sells its product in a completely competitive market where other firms charge a price of $130 per unit. The firm's total costs are C (Q) = 40 + 10Q + 2Q².

1. Explain how much output should the firm produce in the short run...How many units?

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

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

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Macroeconomics: Explain how much output should the firm produce

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Macroeconomics: Explain how much output should the firm produce

Reference No:- TGS0871115

Have a Question? (oR Write a Review)

Recent Questions Asked Macroeconomics

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Request for Solution File

Ask an Expert for Answer!!

Macroeconomics: Explain how much output should the firm produce

Reference No:- TGS0871115

Recent Questions Asked Macroeconomics

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Q : Explain how much output should the firm produce

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