What level of output should produce in the short run, Microeconomics

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What level of output should produce in the short run

You are a manager in a perfectly competitive market. The price in your market is $35. Your total cost curve is C(Q) = 10 + 2Q + .5Q2.

a. What level of output should you produce in the short run?
b. What price should you charge in the short run?
c. Will you make any profits in the short run?
d. What will happen in the long run?
e. How would your answer change if your costs were C(Q) = 80 + 5Q + 30Q2?

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Microeconomics: What level of output should produce in the short run

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Microeconomics: What level of output should produce in the short run

Reference No:- TGS038895

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: What level of output should produce in the short run

Reference No:- TGS038895

Recent Questions Asked Microeconomics

Q : Percentage cost of trade credit

Q : Determine the output to produce and charged price

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Q : How economic incidence of tax change from short-run-long-run

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