Question

A cloth producing firm in a perfectly competitive market has the following short-run total cost function: TC
= 6000 + 400Q – 20Q2 + Q3. If the prevailing market price is birr 250 per unit of cloth,
A. Should the firm produce at this price in the short-run?

Feb 6, 2019

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Feb 15, 2019

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Feb 15, 2019

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Jan 17, 2020

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