Find the product maximizing level of output for producer, Microeconomics

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Find the product maximizing level of output for producer

If the profit fuction for a perfectly competitive widget is:

Profit = 100Q - 5000 - 0.2Q^2

a) What is the price of widgets?
b) Then what would the total cost function be?
c) if output is 200 units, what is the variable costs? fixed costs?
d) What is the product maximizing level of output for this producer?
e) Will the producer make a positive profit at this level of output?

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Microeconomics: Find the product maximizing level of output for producer

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Microeconomics: Find the product maximizing level of output for producer

Reference No:- TGS067534

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Microeconomics: Find the product maximizing level of output for producer

Reference No:- TGS067534

Recent Questions Asked Microeconomics

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