A price-taking firm's variable cost function is where Q is its output per week. It has a

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A price-taking firm's variable cost function is

where Q is its output per week. It has a sunk fixed cost of $3,000 per week. Its marginal cost is

What is its profit-maximizing output when the price is P = $243? What if the fixed cost is avoidable?

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Microeconomics

ISBN: 978-1118572276

5th edition

Authors: David Besanko, Ronald Braeutigam

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Question Posted: Mar 18, 2016 04:48 AM

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A price-taking firm's variable cost function is where Q is its output per week. It has a

Question:

VC= Q°, VC-

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Its profitmaximizing output when the price is P 243 is 9 The profit maximizi...View the full answer

Microeconomics

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