Question
A firm produces one type of electronic component and prices are stable at 50 each, i.e. P = MR = 50.The engineering dept. estimates that
A firm produces one type of electronic component and prices are stable at 50 each, i.e. P = MR = 50.The engineering dept. estimates that the relevant TC is:
TC = 78,000 + 18Q + 0.002Q2
a)Calculate the p max O/P
b)Calculate the max p
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International Economics
Authors: James Gerber
7th edition
134472098, 134523873, 978-0134472096
