Ask a New Question

A firm in a perfectly competitive market has the following cost function: c=1/3q3-5q2+30q+10 in the market- clearing price is 6, obtain the profit maximising level of output?

Similar Questions

1. Suppose that the firm operates in a perfectly competitive market. The market price of his product is $10. The firm estimates
1. 3 answers
1. Suppose that the firm operates in a perfectly competitive market. The market price of his product is $10. The firm estimates
1. 3 answers
Assume a firm operating under perfectly competitive market structure has atotal cost function of TC=72+4Q+2Q^.If The Market
1. 1 answer
Suppose that you are given the following information about a particular perfectlycompetitive industry’s market demand: QD =
1. 1 answer

more similar questions