Question
4.(10 points) In a purely competitive market, the supply and demand equations for the industry, are: Qs=3000+200P and Qd=13500-500P For the firm, the fixed cost
4.(10 points) In a purely competitive market, the supply and demand equations for the industry, are:
Qs=3000+200P and Qd=13500-500P
For the firm, the fixed cost and marginal cost are:
FC=80
MC=15-4Q+5Q2/10
Find optimal output for this firm.
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Econometric Evaluation Of Socio-Economic Programs Theory And Applications
Authors: Giovanni Cerulli
1st Edition
3662464055, 9783662464052
