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Suppose that a competitive firm faces a total cost function
Suppose that a competitive firm faces a total cost function c(q)=450+15q+2q^2, and the industry price is 115$ per unit of
3 answers
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monica
165 views
Suppose that a competitive firm faces a total cost function c(q)=450+15q+2q^2, and the industry price is 115$ per unit of
1 answer
asked by
monica
162 views
Suppose the short run market price a competitive firm faces is Birr 9 and the total cost of the firm is: TC = 200 + Q + 0.02Q 2
4 answers
asked by
Kewser
909 views
Which of the following statements is correct?
Total revenue is simply price multiplied by the fixed cost that the firm decides to
1 answer
asked by
Dontillia
29 views
1. A firm produces a product in a competitive industry and has a short-run total cost function C(q) =4q2+16.
a. Derive the supply
1 answer
asked by
yonashordofa1417
521 views
1. Consider a pure monopolist with short-run total cost function given by
STC = 1000 +200 Q + 12.5 Q2. Suppose also that this
1 answer
asked by
LB
708 views
Suppose that a typical firm in a monopolistically competitive industry faces a demand curve given by:
q = 60 − (1/2)p, where q
0 answers
asked by
Akwi
1,000 views
Suppose that a typical firm in a monopolistically competitive industry faces a demand curve given by:
q = 60 - (1/2)p, where q is
0 answers
asked by
Abdulwahab Oladapo Mogaji
394 views
Suppose that a typical firm in a monopolistically competitive industry faces a demand curve given by:
q = 60 - (1/2)p, where q is
1 answer
asked by
Cyd
5,303 views
1. Suppose that the firm operates in a perfectly competitive market. The market price of his product is $10. The firm estimates
3 answers
202 views