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16th Assignment Consider a firm with total costs of TC = 12 + -Q2 (and a marginal cost of -Q, MC = -Q) facing
16th Assignment Consider a firm with total costs of TC = 12 + -Q2 (and a marginal cost of -Q, MC = -Q) facing a price of $8 1) Graph the firm average cost format and label the and 2) Calculate and annotate any profit or loss on the graph labeling, P, Q* and ATC*
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International Economics Theory and Policy
Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz
9th Edition
978-0132146654, 0132146657, 9780273754091, 978-0273754206
