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Assume a firm's short-run cost function is given by the following expression: C(q) = 2+q+q 2 If the firm can sell each unit of their
Assume a firm's short-run cost function is given by the following expression: C(q) = 2+q+q2
If the firm can sell each unit of their output at a price of p=9 dollars, what is the maximum profit the firm can earn in the short-run?
a.) Maximum Profit = ? dollars
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