A firm sells its product in a perfect competitive market where other firms charges a price of $90 per units. the firms total cost are C(Q)=50+10Q+20Q^2 What price should the firm charge in the short run How much output should the firm produce in the short run What are the firms short run profits what adjustment should be anticipated in the long run
A firm sells its product in a perfect competitive market where other firms charges a price of $90 per units. the firms total cost are C(Q)=50+10Q+20Q^2 What price should the firm charge in the short run How much output should the firm produce in the short run What are the firms short run profits what adjustment should be anticipated in the long run
Chapter7: Perefect Competition
Section: Chapter Questions
Problem 5SQP
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A firm sells its product in a
What price should the firm charge in the short run
How much output should the firm produce in the short run
What are the firms short run profits
what adjustment should be anticipated in the long run
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