==+a. What price should MMMT charge to maximize profit in the short run?

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Microeconomics

ISBN: 9780134184241

9th Edition

Authors: Robert Pindyck, Daniel Rubinfeld

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Question Posted: Oct 26, 2024 06:00 AM

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Michelles Monopoly Mutant Turtles (MMMT) has the exclusive right to sell Mutant Turtle t-shirts in the United States. The demand for these t-shirts is Q 10,000/P2. The firms short-run cost is SRTC ...
=+a. What price should MMMT charge to maximize profit in the short run? What quantity does it sell, and how much profit does it make? Would it be better off shutting down in the short run?
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==+a. What price should MMMT charge to maximize profit in the short run?
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==+The firms short-run cost is SRTC = 2000 + 5Q, and its long-run cost is LRTC = 6Q.
==+ What quantity does it sell, and how much profit does it make?
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==+a. What price should MMMT charge to maximize profit in the short run?

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Microeconomics

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