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In a perfectly competetive market a firm hast cost equal to C(Q) = 4.8 + 7Q^2. What is the firms supply function? Q=14/P Q=14P Q=7P
In a perfectly competetive market a firm hast cost equal to C(Q) = 4.8 + 7Q^2. What is the firms supply function?
Q=14/P
Q=14P
Q=7P
Q=P/14 or
None of them
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Macroeconomics Principles Applications and Tools
Authors: Arthur O'Sullivan, Steven Sheffrin, Stephen Perez
9th edition
978-0134089027, 134089022, 978-0134420684
